Interventions and inflation expectations in an inflation targeting economy

Pablo Pincheira

No 427, BIS Working Papers from Bank for International Settlements

Abstract: In this paper we explore the role that exchange rate interventions may play in determining inflation expectations in Chile. To that end, we consider a set of nine deciles of inflation expectations coming from the survey of professional forecasters carried out by the Central Bank of Chile. We consider two episodes of preannounced central bank interventions during the sample period 2007-2012.

Keywords: Exchange rates; inflation expectations; inflation targeting; interventions (search for similar items in EconPapers)
Pages: 30 pages
Date: 2013-09
New Economics Papers: this item is included in nep-cba, nep-for, nep-lam, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Related works:
Working Paper: Interventions and Inflation Expectations in an Inflation Targeting Economy (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:bis:biswps:427

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