Inflation Targeting, Reserves Accumulation, and Exchange Rate Management in Latin America

Borradores de Economia
Number: 
487
Published: 
Classification JEL: 
E5, F4
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

The most recent

This paper examines whether central banks in Latin America have implemented conventional inflation targeting (IT) prescriptions, with a focus on foreign exchange intervention and official reserves accumulation policies. To this end, the paper reviews the