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Experiencias de política monetaria en economías pequeñas y abiertas: Chile 2012-2016

Author

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  • Rodrigo Vergara

    (Centro de Estudios Públicos)

Abstract

The author of this lecture reflects on monetary policy challenges in small open economies like Chile. By way of illustration, he refers in particular to the monetary policy followed in Chile during his term as chairman of the Central Bank, between December 2011 and December 2016. He also touches on the policies that were followed by other countries in the region and on the various ways in which they resembled and differed from Chilean policy

Suggested Citation

  • Rodrigo Vergara, 2018. "Experiencias de política monetaria en economías pequeñas y abiertas: Chile 2012-2016," Estudios Públicos, Centro de Estudios Públicos, vol. 0(149), pages 105-135.
    • Handle: RePEc:cpt:journl:v::y:2018:i:149:p:105-135
    as

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    References listed on IDEAS

    as
    1. Svensson, Lars E. O., 1997. "Inflation forecast targeting: Implementing and monitoring inflation targets," European Economic Review, Elsevier, vol. 41(6), pages 1111-1146, June.
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    3. Mark Gertler & Jordi Gali & Richard Clarida, 1999. "The Science of Monetary Policy: A New Keynesian Perspective," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1661-1707, December.
    4. José Manuel Campa & Linda S. Goldberg, 2005. "Exchange Rate Pass-Through into Import Prices," The Review of Economics and Statistics, MIT Press, vol. 87(4), pages 679-690, November.
    5. Mark Gertler & Jordi Gali & Richard Clarida, 1999. "The Science of Monetary Policy: A New Keynesian Perspective," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1661-1707, December.
    6. Claudio Raddatz & Rodrigo Vergara, 2016. "Macroprudential Policies: General Analysis and a Look into the Chilean Experience," Economic Policy Papers Central Bank of Chile 59, Central Bank of Chile.
    7. Francisco Szederkenyi & Rodrigo Vergara, 2017. "Evolución del empleo en Chile: asalariados y cuenta propia," Puntos de Referencia 457, Centro de Estudios Públicos.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    monetary policy; central banking; financial stability; inflation;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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