Author/Editor: Eric Parrado, Luis Ignacio Jácome.

Release Date:March, 2007

This paper addresses the question of why inflation has not yet converged to price stability in Central America and the Dominican Republic and is currently relatively high by Latin American standards. more...

Author/Editor: Leonardo Leiderman, Rodolfo Maino, Eric Parrado.

Release Date:June, 2006

The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies although, as noted by many economists, the preconditions required for a more...

Author/Editor: Turgut Kisinbay, Eric Parrado, Rodolfo Maino, Jorge Iván Canales Kriljenko.

Release Date:May, 2006

How should a central bank organize itself to produce the best possible inflation forecast? This paper discusses elements for building a comprehensive platform for an inflation forecasting framework. more...

Author/Editor: Eric Parrado.

Release Date:February, 2004

This paper provides a simple dynamic neo-Keynesian model that can be used to analyze the impact of monetary policy that considers inflation targeting in a small open economy. This economy is more...

Author/Editor: Eric Parrado.

Release Date:January, 2004

The Monetary Authority of Singapore, instead of relying on short-term interest rates or monetary aggregates as its monetary policy instrument, conducts policy by managing the trade-weighted exchange more...

Author/Editor: Michael Kumhof, Luis Felipe Céspedes, Eric Parrado.

Release Date:April, 2003

This paper provides a monetary model with nominal rigidities that differs from the conventional New Keynesian model with firms setting pricing policies instead of price levels. In response to more...

Author/Editor: Alain Ize, Eric Parrado.

Release Date:November, 2002

This paper explores how real dollarization (dollar indexing of wages), financial dollarization (dollar denomination of financial contracts), and monetary policy interact in a general equilibrium, new more...