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Reglas de política monetaria para Chile y Perú: Evidencia de inestabilidad en los parámetros

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Author Info
Leyva, Gustavo

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Abstract

Este documento estudia la estabilidad de reglas monetarias básicas para Chile y Perú a través de la estimación de los parámetros vía el Filtro de Kalman, en el contexto del aporte de Clarida et al. (2000), para el periodo de enero de 1996 a agosto de 2006. Se encuentra que la respuesta de ambos bancos centrales al objetivo inflacionario es similar. La tendencia decreciente que se observa en el parámetro es interpretada como el resultado de la ganancia en credibilidad proveniente del relativo éxito en el cumplimiento de las metas de inflación que han logrado las respectivas autoridades monetarias. Clasificación JEL: E52, E58

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File URL: http://www.bcrp.gob.pe/docs/Publicaciones/Revista-Estudios-Economicos/15/Estudios-Economicos-15-2.pdf
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Publisher Info
Article provided by Banco Central de Reserva del Perú in its journal Revista Estudios Económicos.

Volume (Year): (2008)
Issue (Month): 15 ()
Pages: 21-42
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Handle: RePEc:rbp:esteco:ree-15-02

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