Exchange rate interventions and inflation expectations in an inflation targeting Economy

Abstract: We explore the impact of exchange rate interventions on inflation expectations and exchange rates in Chile. We consider two episodes of central bank interventions during the sample period 2007-2012. Our analysis indicate that interventions did have an impact on daily exchange rate returns....

Descripción completa

Guardado en:
Detalles Bibliográficos
Autor principal: Pincheira Brown,Pablo
Lenguaje:English
Publicado: ILADES. Universidad Alberto Hurtado. 2018
Materias:
Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702018000200043
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
id oai:scielo:S0718-88702018000200043
record_format dspace
spelling oai:scielo:S0718-887020180002000432019-01-15Exchange rate interventions and inflation expectations in an inflation targeting EconomyPincheira Brown,Pablo Exchange rates inflation expectations inflation targeting interventions Abstract: We explore the impact of exchange rate interventions on inflation expectations and exchange rates in Chile. We consider two episodes of central bank interventions during the sample period 2007-2012. Our analysis indicate that interventions did have an impact on daily exchange rate returns. In terms of inflation expectations, we find that the intervention program carried out in 2008 had a significant, but relatively short-lived, impact on the distribution of inflation expectations at long horizons. In contrast, the intervention carried out in 2011 shows no relevant impact on the distribution of inflation expectations in Chile.info:eu-repo/semantics/openAccessILADES. Universidad Alberto Hurtado.Revista de análisis económico v.33 n.2 20182018-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702018000200043en10.4067/S0718-88702018000200043
institution Scielo Chile
collection Scielo Chile
language English
topic Exchange rates
inflation expectations
inflation targeting
interventions
spellingShingle Exchange rates
inflation expectations
inflation targeting
interventions
Pincheira Brown,Pablo
Exchange rate interventions and inflation expectations in an inflation targeting Economy
description Abstract: We explore the impact of exchange rate interventions on inflation expectations and exchange rates in Chile. We consider two episodes of central bank interventions during the sample period 2007-2012. Our analysis indicate that interventions did have an impact on daily exchange rate returns. In terms of inflation expectations, we find that the intervention program carried out in 2008 had a significant, but relatively short-lived, impact on the distribution of inflation expectations at long horizons. In contrast, the intervention carried out in 2011 shows no relevant impact on the distribution of inflation expectations in Chile.
author Pincheira Brown,Pablo
author_facet Pincheira Brown,Pablo
author_sort Pincheira Brown,Pablo
title Exchange rate interventions and inflation expectations in an inflation targeting Economy
title_short Exchange rate interventions and inflation expectations in an inflation targeting Economy
title_full Exchange rate interventions and inflation expectations in an inflation targeting Economy
title_fullStr Exchange rate interventions and inflation expectations in an inflation targeting Economy
title_full_unstemmed Exchange rate interventions and inflation expectations in an inflation targeting Economy
title_sort exchange rate interventions and inflation expectations in an inflation targeting economy
publisher ILADES. Universidad Alberto Hurtado.
publishDate 2018
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702018000200043
work_keys_str_mv AT pincheirabrownpablo exchangerateinterventionsandinflationexpectationsinaninflationtargetingeconomy
_version_ 1714206217747824640