Central Bank Communication and Monetary Policy Surprises in Chile.

This paper assesses the quality of the CBC's communication policy by looking at the predictability and effectiveness of monetary policy communications by the Central Bank of Chile (CBC). To do so, we construct indeces of monetary policy surprises for the three major communication channels of th...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Pescatori, Andrea
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2018.
Colección:IMF Working Papers; Working Paper ; no. 18/156.
Temas:
Banks and banking, Central > Chile.
Monetary policy > Chile.
Central Banks And Their Policies.
Financial Markets And The Macroeconomy.
General.
Monetary Policy (Targets, Instruments, And Effects)
Monetary policy.
Economic history.
Banks and banking, Central.
Chile > Economic conditions.
Chile.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Central Bank Communication and Monetary Policy Surprises in Chile; I. INTRODUCTION; II. THE CENTRAL BANK OF CHILE INFLATION-TARGETING FRAMEWORK; III. DATA AND METHODOLOGY; IV. PREDICTABILITY; V. EFFICACY: FIXED-INCOME MARKETS; VI. EFFICACY: EXCHANGE RATE AND STOCK MARKET IMPACT; VII. MONETARY POLICY COMMUNICATION AND INFLATION DISPERSION; VIII. THE MACROECONOMIC IMPACT; IX. CONCLUSION; X. REFERENCES; XI. FIGURES; XII. TABLES.

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