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Credibilidad, desinflación y contratos del Banco Central : ¿Qué se ha cumplido de la ley del Banco de la Reserva Federal en Nueva Zelanda?

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  • Michael Hutchison
  • Carl Walsh

Abstract

La ley del Banco de la Reserva de Nueva Zelanda (BRNZ) de 1989 estableció un banco central más independiente y un régimen de objetivo de inflación (Inflation Targeting) en la forma de unos acuerdos de Objetivos de Política Económica (OPE). La ley también hizo responsable al directo del Banco de las desviaciones del Objetivo. Como consecuencia de la implantación de la ley, Nueva Zelanda tuvo una rápida desinflación y desde entonces ha mantenido una inflación subyacente" dentro de una banda el 0 al 3 por ciento, un éxito de política económica que muchos atribuyen a la consistencia y "credibilidad" de las políticas que se hicieron posibles con los nuevos arreglos institucionales. "

Suggested Citation

  • Michael Hutchison & Carl Walsh, 2000. "Credibilidad, desinflación y contratos del Banco Central : ¿Qué se ha cumplido de la ley del Banco de la Reserva Federal en Nueva Zelanda?," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 18(36-37), pages 105-135, June.
    • Handle: RePEc:col:000107:005384
    DOI: 10.32468/Espe.3705
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