IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/21116_2.html
   My bibliography  Save this book chapter

Monetary institutions and economic performance in Latin America: the experience with an inflation targeting regime in the period 2000-2020

In: Central Banks and Monetary Regimes in Emerging Countries

Author

Listed:
  • Eliane Araujo
  • Elisangela Araujo
  • Mateus Ramalho Ribeiro da Fonseca

Abstract

The chapter investigates, both theoretically and empirically, the Latin American experience with Inflation Targeting (IT) in the period from 2000 to 2020, emphasizing the effects of monetary policy on inflation and economic performance. Based on the theoretical-empirical literature on the subject, an econometric exercise was carried out for six of the eight countries which adopted the IT regime. The results showed, among other aspects, that despite the relative price stability, these economies experienced a worsening of external insertion and economic stagnation, which could be explained most pertinently due to conducting the monetary policy through the IF regime.

Suggested Citation

  • Eliane Araujo & Elisangela Araujo & Mateus Ramalho Ribeiro da Fonseca, 2023. "Monetary institutions and economic performance in Latin America: the experience with an inflation targeting regime in the period 2000-2020," Chapters, in: Fernando Ferrari-Filho & Liuz Fernando de Paula (ed.), Central Banks and Monetary Regimes in Emerging Countries, chapter 2, pages 19-36, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21116_2
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781802203981/9781802203981.00008.xml
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Development Studies; Economics and Finance;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:21116_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.