These levels are, on average, 6% higher than the levels observed in 2019. Production and distribution disruptions are part of the supply side considerations behind the global surge of inflation. However, demand side factors, as the strong fiscal stimulus implemented to counteract the negative effects of COVID-19, and low interest rates, are also part ofContinue reading “High inflation and relatively low interest rates around the world”
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What was the role played by the inflation formation processes, monetary policy, and shocks volatilities in the inflation dynamics of Brazil, Chile, Colombia, Mexico, and Peru?
In this presentation (https://lnkd.in/gupfXu85) we analyze the role played by monetary policies, inflation determinants, and shocks. We allow for endogenous structural breaks and classify regimes according to (1) the relative weight of inflation in an interest rate reaction function, which measures the Central Bank’s commitment to fight inflation, (2) the relative slope of the PhillipsContinue reading “What was the role played by the inflation formation processes, monetary policy, and shocks volatilities in the inflation dynamics of Brazil, Chile, Colombia, Mexico, and Peru?”
Alberto Ortiz Bolaños 