publication . Research . Preprint . 2005

Targeting Inflation in a Dollarized Economy: The Peruvian Experience

Adrián Armas; Francisco Grippa;
Open Access English
  • Published: 01 Sep 2005
  • Publisher: Washington, DC: Inter-American Development Bank, Research Department
Abstract
This discusses the unique experience of Peru's Central Bank with inflation targeting in an economy characterized by a high degree of financial dollarization. The paper outlines how Peru has taken financial dollarization into consideration in the design of monetary policy, then deals with monetary policy implementation and the Central Bank's strategy for controlling financial dollarization risks. The paper concludes with analysis and lessons drawn from the Peruvian case.
Subjects
free text keywords: Währungssubstitution, Economics, WP-538, Peru, Inflationssteuerung, Geldpolitik, ddc:330

Inflation target Source: Consensus forecast. 2000 2001 2002 2003 2004 Inflation expectation two years in advance

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publication . Research . Preprint . 2005

Targeting Inflation in a Dollarized Economy: The Peruvian Experience

Adrián Armas; Francisco Grippa;