Inflation targeting at the Central Bank of Peru
A Central Bank of Peru paper published on Friday examines the inflation targeting framework in Peru.
Nilda Mercedes Cabrera Pasca, Edilean Kleber da Silva Bejarano Aragón and Marcelo Savino Portugal, the paper's authors, measure the square deviation between the true interest rate and interest rate optimal simulation to identify the preferences of the monetary authority in the Peruvian regime of inflation targeting through the derivation of optimal monetary policy rules.
The results show the
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