El Banco Central de Chile en Comparación con los Bancos Centrales del Mundo

Juan Ochoa () and Klaus Schmidt-Hebbel

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: How does the performance of the Central Bank of Chile (CBCH) compare to other central banks and in which dimensions? This paper summarizes the results of several studies that report international comparisons of different features of central banking and monetary policy. The evidence places the CBCH among the top central banks in the world in the following areas: size, legal and operational independence; transparency, and quality of the inflation report; quantity and quality of the research papers; and efficiency of monetary policy reflected by its accuracy in meeting inflation targets, its counter-cyclical stance, and its contribution to overall macroeconomic stability.

Date: 2006-06
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:367

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