Feb 2019
Author(s): Garcimartín, Carlos; Astudillo, Jhonatan A.
El propósito de este documento es analizar el impacto de la inflación en la distribución del ingreso a través de la composición del gasto de los hogares. A diferencia de otros análisis enfocados en…
Jul 2018
Author(s): Alonso, Pablo
The establishment of the inflation targeting regime in Paraguay is relatively recent, however, the results have been satisfactory. This is because based on the observed data, from the implementation…
Jul 2018
Author(s): Libonatti, Luis
This paper presents a forecasting exercise that assesses the predictive potential of a daily price index based on online prices. Prices are compiled using web scrapping services provided by the…
Jul 2018
Author(s): Zárate, Héctor; Zapata-Sanabria, Daniel R.
The purpose of this paper is twofold. First, we evaluate the responses to the questions on inflation expectations in the World Economic Survey for sixteen inflation targeting countries. Second, we…
Jul 2018
Author(s): Castañeda-Fuentes, Juan Carlos; Valle-Samayoa, Héctor Augusto; Catalán-Herrera, Juan Carlos; Arriaza-Herrera, Juan Carlos; Gutiérrez-Morales, José; Castillo-Maldonado, Carlos Eduardo; Galindo-Gonzáles, Douglas Napoleón; Hurtarte-Aguilar, Guisela; Ortiz-Cardona, Edson Roger
Forecasting the inflation path is an important task for central banks in an inflation targeting regime. Therefore, central banks must continuously evaluate the forecasting accuracy of the models used…
Jun 2018
Author(s): Schmid, Juan Pedro; Wright, Allan; Bollers, Elton; Khadan, Jeetendra; Smets, Lodewijk; Mooney, Henry; Giles Álvarez, Laura; Schwartz, Moises; Waithe, Kimberly
The year 2017 brought mixed results for the countries of the Caribbean Country Department of the Inter-American Development Bank, and the situation remains similar in 2018. While The Bahamas,…
Jun 2018
Author(s): Garegnani, Lorena; Gómez Aguirre, Maximiliano
In 2016 the Central Bank of Argentina began to announce inflation targets. In this context, providing authorities with good estimates of relevant macroeconomic variables is crucial for making…
Jun 2018
Author(s): Fuertes, Alberto; Gimeno, Ricardo; Marqués, José Manuel
In this paper we estimate inflation expectations for several Latin American countries using an affine model that takes as factors the observed inflation and the parameters generated from zero-coupon…
Apr 2018
Author(s): Mora Barrenechea, Mauricio; Heredia Gómez, Juan Carlos; Zeballos Coria, David
This paper analyzes the time-varying degree of inflation expectations anchoring in Bolivia and, more precisely, whether inflation expectations have been in line with the inflation objectives…
Apr 2018
Author(s): Finkelstein-Shapiro, Alan; González Gómez, Andrés; Nuguer, Victoria; Roldán-Peña, Jessica
We use a novel dataset that merges goods-level prices underlying the CPI in Mexico with the balance sheet information of Mexican publicly listed firms and study the connection between firms'…