Monetary Transmission and Financial Indexation : Evidence from the Chilean Economy

Evidence from the Chilean Economy

Monetary Transmission and Financial Indexation : Evidence from the Chilean Economy
This paper reviews empirical evidence on the operation of the monetary transmission mechanism based on targeting of interest rates on indexed assets in the Chilean economy. The empirical evidence has two policy implications. First, interest rates on indexed assets do not fully reflect real interest rates because of imperfections of backward... READ MORE...

Publication date: August 1994
ISBN 9781451965407
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