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
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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