Monetary policy in Chile: a black box?
Loading...
Date
2002
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
During the 1990s the Chilean economy gradually cut its inflation rate from figures in the thirties to 4.7 percent in 1998. Central bank authorities have declared that the main objective of monetary policy is to reduce inflation to levels comparableto those in industrial countries. The desgnated instrument of thet monetary policy has been an indexed interest rate, through which the central bank has sought to influnce the path of real market rates over different time horizons.
Keywords
POLÍTICA MONETARIA, INFLACIÓN, BANCOS CENTRALES