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...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1994.
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| Reeks: | IMF Policy Discussion Papers; Policy Discussion Paper ;
No. 1994/017 |
| Online toegang: | Full text available on IMF |