Inflation targeting in financially stable economies: has it been flexible enough?

The international financial crisis and Great Recession of 2008- 09 called for a range of significant policy measures by central banks beyond aggressive interest rate cuts. Measures have ranged from improving international coordination to purchasing local private loan portfolios and direct interventi...

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Autores principales: Calani Cadena, Miguel Mauricio, Cowan, Kevin, 1970-, García Silva, Pablo
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3883
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spelling oai-20.500.12580-38832021-04-24T11:16:01Z Inflation targeting in financially stable economies: has it been flexible enough? Calani Cadena, Miguel Mauricio Cowan, Kevin, 1970- García Silva, Pablo INFLACIÓN CRISIS FINANCIERA CRISIS ECONÓMICA 2008 BANCOS CENTRALES TASAS DE INTERÉS The international financial crisis and Great Recession of 2008- 09 called for a range of significant policy measures by central banks beyond aggressive interest rate cuts. Measures have ranged from improving international coordination to purchasing local private loan portfolios and direct intervention in both foreign currency forward and spot markets. For formal inflation-targeting (IT) central banks a natural question has arisen about whether IT frameworks have been flexible enough to accommodate these diverse policy responses in such a challenging environment or whether IT restricted their room of maneuver. 2019-11-01T00:05:16Z 2019-11-01T00:05:16Z 2011 Artículo 978-956-7421-35-0 https://hdl.handle.net/20.500.12580/3883 eng Series on Central Banking Analysis and Economic Policies no. 16 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 283-368 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic INFLACIÓN
CRISIS FINANCIERA
CRISIS ECONÓMICA 2008
BANCOS CENTRALES
TASAS DE INTERÉS
spellingShingle INFLACIÓN
CRISIS FINANCIERA
CRISIS ECONÓMICA 2008
BANCOS CENTRALES
TASAS DE INTERÉS
Calani Cadena, Miguel Mauricio
Cowan, Kevin, 1970-
García Silva, Pablo
Inflation targeting in financially stable economies: has it been flexible enough?
description The international financial crisis and Great Recession of 2008- 09 called for a range of significant policy measures by central banks beyond aggressive interest rate cuts. Measures have ranged from improving international coordination to purchasing local private loan portfolios and direct intervention in both foreign currency forward and spot markets. For formal inflation-targeting (IT) central banks a natural question has arisen about whether IT frameworks have been flexible enough to accommodate these diverse policy responses in such a challenging environment or whether IT restricted their room of maneuver.
format Artículo
author Calani Cadena, Miguel Mauricio
Cowan, Kevin, 1970-
García Silva, Pablo
author_facet Calani Cadena, Miguel Mauricio
Cowan, Kevin, 1970-
García Silva, Pablo
author_sort Calani Cadena, Miguel Mauricio
title Inflation targeting in financially stable economies: has it been flexible enough?
title_short Inflation targeting in financially stable economies: has it been flexible enough?
title_full Inflation targeting in financially stable economies: has it been flexible enough?
title_fullStr Inflation targeting in financially stable economies: has it been flexible enough?
title_full_unstemmed Inflation targeting in financially stable economies: has it been flexible enough?
title_sort inflation targeting in financially stable economies: has it been flexible enough?
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3883
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AT cowankevin1970 inflationtargetinginfinanciallystableeconomieshasitbeenflexibleenough
AT garciasilvapablo inflationtargetinginfinanciallystableeconomieshasitbeenflexibleenough
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