Inflation Targets in Latin America
16 Pages Posted: 21 Nov 2019
Date Written: November 11, 2019
Many emerging-market economies have adopted inflation targeting regimes since they were introduced by New Zealand in 1990. Latin America has not been the exception. Currently eight Latin American countries conduct monetary policy through inflation targeting regimes: Brazil, Chile, Colombia, Guatemala, Mexico, Paraguay, Peru, and Uruguay. This paper reviews the history of chronic inflation in Latin America and describes these countries’ experience with inflation targets and their performance during the global financial crisis.
Keywords: Inflation, Inflation Targets, Latin America, Monetary Policy
JEL Classification: E52, E58
Suggested Citation: Suggested Citation