Sticky inflationary expectations and inflation targeting in (some) emerging and less developed economies



Document title: Sticky inflationary expectations and inflation targeting in (some) emerging and less developed economies
Journal: Cuadernos de economía (Bogotá)
Database: CLASE
System number: 000501609
ISSN: 0121-4772
Authors: 1
1
Institutions: 1Universidad de Buenos Aires, Buenos Aires. Argentina
Year:
Season: Ene-Jun
Volumen: 40
Number: 82
Country: Colombia
Language: Inglés
Document type: Artículo
Approach: Analítico, descriptivo
Spanish abstract En este artículo se describe la experiencia de algunas economías que lucharon por consolidar metas de inflación. Se documenta la resiliencia de las expectativas de inflación durante los primeros años en Israel, Brasil, Guatemala, México, Sudáfrica y Turquía. Los casos de Nueva Zelandia y Argentina -donde las metas fracasaron- se analizaron con fines comparativos
English abstract We describe the experience of some economies that struggle to consolidate Inflation Targeting. We document the resilience of inflationary expectations during the first years after adoption by Israel, Brazil, Guatemala, Mexico, South Africa, and Turkey. The benchmark case of New Zealand is also described, and the experience of Argentina is presented as one of the few examples where Inflation Targeting failed and was eventually abandoned
Portuguese abstract Neste artigo descreve-se a experiência de algumas economias que lutaram para consolidar metas de inflação. Documenta-se a resiliência das expectativas de inflação durante os primeiros anos em Israel, Brasil, Guatemala, México, África do Sul e Turquia. Os casos da Nova Zelândia e Argentina-onde as metas falharam- foram analisados para fins comparativos
Disciplines: Economía
Keyword: Economía monetaria,
Países emergentes,
Inflación,
Metas de inflación
Keyword: Monetary economics,
Emerging countries,
Inflation,
Inflation target,
Expected inflation,
Taylor-rules
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