OECD Economics Department Working Papers

Monetary Policy and Inflation Expectations in Latin America: Long-run Effects and Volatility Spillovers

DOI:https://doi.org/10.1787/416820683181

The current monetary policy framework in several Latin American countries, combining inflation targeting and a floating exchange-rate regime, has contributed to disinflation by anchoring expectations around low, stable levels. This paper uses co-integration analysis to estimate simultaneously a...



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