Inflation targeting in Chile: Experience and selected issues

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Chapter 3: Inflation targeting in Chile: Experience and selected issues

The Chilean experience with IT is discussed by Rodrigo Valdés. He focuses on the last sixteen years and highlights a number of institutional characteristics of the Chilean IT regime that have contributed to, or acted as a pre requisite for, a good track record of inflation control. The chapter also sheds light on particular macroeconomic outcomes, including changes in the dynamics of inflation, as well as on selected practical issues in the conduct of monetary policymaking under IT, including the role of inflation expectations and the exchange rate.

 

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The complete text of edition of Monetary policies and inflation targeting in emerging economies is available from:

 

Additional information                                                                                                  

 

Further information can be obtained from the Brazil, South America and Indonesia Desk at the OECD Economics Department at ECO.Contact@oecd.org

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