Search
Now showing items 11-20 of 29
Tasas de interés activas y política monetaria en el Perú. Un análisis con datos de bancos individuales
(Pontificia Universidad Católica del Perú. Fondo Editorial, 2016-03-30)
Este trabajo evalúa empíricamente el canal de tasas de interés en el mecanismo de transmisión de la política monetaria en el Perú, durante el periodo junio 2003-junio 2010, empleando datos mensuales de bancos individuales. ...
The Evolving Role of Reserve Requirements in Monetary Policy
(Pontificia Universidad Católica del Perú. CENTRUM, 2013)
The design of monetary policy has been a subject of debate in the specialized literature. Over the last three decades, this literature has moved from questioning the very existence of reserve requirements (RRs) to analyzing ...
Financial Crisis, the International Monetary System and the Challenge of the Emerging Economies
(Pontificia Universidad Católica del Perú. Fondo Editorial, 2011)
Although in the debate over the current financial crisis there is a general agreement on the role played by foreign capital inflows into the United States —that, together with financial deregulation, allowed for an excessive ...
Does the Central Bank of Peru respond to exchange rate movements? a bayesian estimation of a new keynesian DSGE model with FX interventions
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2021-12)
This paper assess the role played by the exchange rate and FX intervention in setting monetary
policy interest rates in Peru. We estimate a Taylor rule that includes inflation, output gap and
the exchange rate using a ...
Flexible Average Inflation Targeting: How Much Is U.S. Monetary Policy Changing?
(Pontificia Universidad Católica del Perú, 2022-08-01)
One major outcome of the Federal Reserve’s 2019–20 framework review was the adoption of a Flexible Average Inflation Targeting (FAIT) strategy in August 2020. Using synthetic control methods, we document that U.S. inflation ...
Skewed Forward-Looking Monetary Policy Behavior: A Look at the Latin American Inflation Targeting Practice
(Pontificia Universidad Católica del Perú. CENTRUM, 2010)
Estimation of forward-looking interest rate rules is ubiquitous in the context of developed-economy central banks. In this paper, the five countries in Latin America that have adopted the Inflation Targeting framework are ...
Elementos para un programa de estabilización
(Pontificia Universidad Católica del Perú. Departamento de Economía, 1989-07)
El objeto de este trabajo es el de modelar comportamientos de un limitado grupo de variables, relevantes en una aproximación agregada a un fenómeno de extremo deterioro en la evolución de precios y cantidades en el corto ...
Una propuesta de reforma monetaria para acabar con la Hiperinflación
(Pontificia Universidad Católica del Perú. Departamento de Economía, 1990)
Esta propuesta intenta dar una solución operativa a la imperiosa necesidad de terminar con la hiperinflación que azota a la economía peruana desde setiembre de 1988. Señala que solo se han planteado dos formas de enfrentar ...
Teaching Modern Macroeconomics in the Traditional Language: The IS-MR-AD-AS Model
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2017-07)
During the last two decades we have witnessed the emergence in the field of intermediate macroeconomics of an extensive literature that seeks to dismiss the traditional IS-LM-AD-AS model and replace it with the New Keynesian ...
The Monetary and Fiscal History of Peru, 1960-2017: Radical Policy Experiments, Inflation and Stabilization
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2018-12)
We show that Peru’s chronic inflation through the 1970s and 1980s was the result of the need for
inflationary taxation in a regime of fiscal dominance of monetary policy. Hyperinflation occurred when
debt accumulation ...