IDEAS home Printed from https://ideas.repec.org/a/ibf/riafin/v15y2022i1p15-28.html
   My bibliography  Save this article

Effect Of The Credibility Of The Central Bank On The Inflation Of The Member Countries Of The Pacific Alliance 2007-2017 Efecto De La Credibilidad Del Banco Central Sobre La Inflacion De Los Paises Que Conforman La Alianza Del Pacifico 2007- 2017

Author

Listed:
  • Daniel Botero Guzman
  • Anderson Stiveen Castro Alvarez

Abstract

Central bank credibility is a fundamental characteristic for the effective control of inflation. This paper quantifies the central bank credibility of the member countries of the Pacific Alliance; by calculating an index consisting in six key sub-indices. Then, using macropanel techniques, the effect of credibility on inflation is estimated. The results obtained show that the central banks of Chile, Colombia, México y Perú have a good degree of credibility and this has an average negative and significant influence on inflation.

Suggested Citation

  • Daniel Botero Guzman & Anderson Stiveen Castro Alvarez, 2022. "Effect Of The Credibility Of The Central Bank On The Inflation Of The Member Countries Of The Pacific Alliance 2007-2017 Efecto De La Credibilidad Del Banco Central Sobre La Inflacion De Los Paises Qu," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 15(1), pages 15-28.
    • Handle: RePEc:ibf:riafin:v:15:y:2022:i:1:p:15-28
    as

    Download full text from publisher

    File URL: http://www.theibfr2.com/RePEc/ibf/riafin/riaf-v15n1-2022/RIAF-V15N1-2022-2.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Central Bank; Credibility; Inflation; Monetary Policy;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibf:riafin:v:15:y:2022:i:1:p:15-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mercedes Jalbert (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.