Real Interest Rates Around the World, 1946 – 2023
In this presentation we compute real interest rates for 38 countries and the Euro area to identify the prevalence of negative real interest rates from January 1946 to August 2023. The real interest rate is defined as the difference between the Central Bank Policy Rate and the inflation rate, both expressed in annual terms. Data […]
What was the role played by the inflation formation processes, monetary policy, and shocks volatilities in the inflation dynamics of Brazil, Chile, Colombia, Mexico, and Peru?
In this research project (https://lnkd.in/gupfXu85) we analyze the role played by monetary policies, inflation determinants, and shocks. We allow for endogenous structural breaks and classify regimes according to (1) the relative weight of inflation in an interest rate reaction function, which measures the Central Bank’s commitment to fight inflation, (2) the relative slope of the […]