Download This PaperInterventions and Inflation Expectations in an Inflation Targeting Economy
30 Pages Posted: 27 Feb 2014
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Interventions and Inflation Expectations in an Inflation Targeting Economy
BIS Working Paper No. 427
Number of pages: 30
Posted: 27 Feb 2014
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Interventions and Inflation Expectations in an Inflation Targeting Economy
Number of pages: 28
Posted: 10 Jul 2013
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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: 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
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