Do Latin American Central Bankers Behave Non‑Linearly?: The Experiences of Brazil, Chile, Colombia and Mexico
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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资源简介：
This papers estimates unrestricted monetary reaction functions for four Latin American countries (Brazil,
Chile, Colombia and Mexico) and tests for the presence of non-linear effects in central bank behaviour.
The analysis covers the post-1999 inflation-targeting period. We deal with the presence of unit roots in the
data by estimating the policy...
