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Comportamiento estratégico de los bancos centrales al anunciar pronósticos de inflación

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Author Info

  • Sebástian Gómez Barrero

    ()

  • Julián A.Parra Polanía

    ()

Abstract

El presente trabajo intenta cuestionar la idea, común en la literatura sobre transparencia, de que los anuncios de los bancos centrales son veraces per se. El documento presenta un modelo sencillo que ilustra el por qué el hacedor de política monetaria podría comportarse estratégicamente al publicar información. El análisis empírico de los pronósticos de inflación publicados por seis bancos centrales considerados muy transparentes, aunque preliminar, es consistente con las implicaciones del modelo y, por lo tanto, con la presencia de comportamiento estratégico en estos pronósticos.

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Bibliographic Info

Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 653.

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Handle: RePEc:bdr:borrec:653

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Related research

Keywords: Anuncios de bancos centrales; pronósticos de inflación; política monetaria; transparencia. Classification JEL: E52; E58; D82.;

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Cited by:
  1. Julian A. Parra POlanía, 2012. "Transparency: can central banks commit to truthful communication?," Borradores de Economia 711, Banco de la Republica de Colombia.

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