Indexation, inflation, and monetary policy

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dc.contributor.editorLefort, Fernando
dc.contributor.editorSchmidt-Hebbel, Klaus
dc.date.accessioned2019-11-01T00:01:35Z
dc.date.available2019-11-01T00:01:35Z
dc.date.issued2002
dc.descriptionAlthough indexation policies and practices are common in many markets and economies, their implications for market efficiency and price stabilization remain controversial. This book contributes to the literature on indexation and inflation by including nine articles that are at the research frontier on these issues. The scope of the articles ranges from specific topics—including the optimal management of indexed public debt and the consequences of wage indexation—to recent empirical evidence regarding indexation and the persistence of inflation. The authors look at specific indexation practices adopted in different markets in response to inflation, discuss the consequences of such practices for these markets, and analyze the relationship among indexation mechanisms, inflation persistence, and the outcome of stabilization programs.
dc.description.tableofcontentsIndexation, inflation, and monetary policy: an overview / Fernando Lefort, Klaus Schmidt-Hebbel -- Causes and consequences of indexation: a review of the literature / Oscar Landerretche, Fernando Lefort, Rodrigo Valdés -- Stabilization, persistence, and inflationary convergence: a comparative analysis / Sebastian Edwards, Fernando Lefort -- Indexed units of account: theory and assessment of historical experience / Robert J. Shiller -- Optimal management of indexed and nominal debt / Robert J. Barro -- Monetary policy, interest rate rules, and inflation targeting: some basic equivalences / Carlos Végh -- Indexation, inflationary inertia, and the sacrifice coeficient / Luis Oscar Herrera -- The macroeconomic conseguences of wage indexation revisited / Esteban Jadresic -- The chilean experience in completing markets with financial indexation / Eduardo Walker -- Indexation of public debt: analytical considerations and an application to the case of Brazil / Ilan Goldfajn.
dc.file.nameBCCh-sbc-v02
dc.format.pdf
dc.format.extentDocumento Completo
dc.format.medium315 p.
dc.identifier.isbn956-7421-110
dc.identifier.urihttps://hdl.handle.net/20.500.12580/1653
dc.language.isoeng
dc.placeofeditionSantiago, Chile
dc.publisherBanco Central de Chile
dc.relation.ispartofseriesSeries on Central Banking, Analysis, and Economic Policies, no. 2
dc.relation.ispartofseriesSerie Banca Central, análisis y políticas económicas, no. 2
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectCORRECCIÓN MONETARIAes_ES
dc.subjectINFLACIÓNes_ES
dc.subjectPOLÍTICA MONETARIAes_ES
dc.titleIndexation, inflation, and monetary policy
dc.type.docLibro

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