Interventions and Inflation Expectations in an Inflation Targeting Economy

30 Pages Posted: 27 Feb 2014

See all articles by Pablo M. Pincheira

Pablo M. Pincheira

Adolfo Ibanez University - School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: September 2013

Abstract

In this paper we explore the role that exchange rate interventions may play in determining inflation expectations in Chile. To that end, we consider a set of nine deciles of inflation expectations coming from the survey of professional forecasters carried out by the Central Bank of Chile. We consider two episodes of preannounced central bank interventions during the sample period 2007-2012.

Keywords: Exchange rates, inflation expectations, inflation targeting, interventions

JEL Classification: E31, E52, E58, F31

Suggested Citation

Pincheira, Pablo M., Interventions and Inflation Expectations in an Inflation Targeting Economy (September 2013). BIS Working Paper No. 427, Available at SSRN: https://ssrn.com/abstract=2390170

Pablo M. Pincheira (Contact Author)

Adolfo Ibanez University - School of Business ( email )

Diagonal Las Torres 2640
Peñalolén
Santiago
Chile

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
42
Abstract Views
358
PlumX Metrics