Interventions and Inflation Expectations in an Inflation Targeting Economy

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Preprint 01 Jan 2013 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Pablo Pincheira;

doi: 10.2139/ssrn.2291182

Interventions and Inflation Expectations in an Inflation Targeting Economy

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Abstract

In this paper we explore the role that exchange rate interventions may play in determining inflation expectations in Chile. To that end, we consider a set of nine deciles of inflation expectations coming from the survey of professional forecasters carried out by the Central Bank of Chile. We consider two episodes of preannounced central bank interventions during the sample period 2007-2012.

Related Organizations

Adolfo Ibáñez University
Chile

Keywords

Exchange rates, inflation expectations, inflation targeting, interventions

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