1. Inflation Targets in Latin America
- Author:
- José De Gregorio
- Publication Date:
- 11-2019
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics
- Abstract:
- 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.
- Topic:
- Markets, Developing World, Economies, and Inflation
- Political Geography:
- Brazil, Colombia, Uruguay, Latin America, Central America, Mexico, Chile, Peru, Guatemala, and Paraguay