Research Insights: How Do Monetary Policy Announcements Affect Expectations on Inflation and on the Monetary Policy Rate?
Monetary policy announcements by the Central Bank of Mexico influence professional forecasters expectations on inflation and the monetary policy rate. Our fixed-effects models suggest that Mexicos long-run inflation expectations are anchored. Mexicos central bank communication strategy has been an effective tool to manage inflation expectations in the short run and to anchor inflation expectations in the long run.
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| Language: | English |
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Inter-American Development Bank
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| Subjects: | Inflation, Monetary Policy, Economy, Rating, Trust, Exchange Rate, Interest Rate, Civil Society, Inflation Targeting, E43 - Interest Rates: Determination Term Structure and Effects, E59 - Monetary Policy Central Banking and the Supply of Money and Credit: Other, D84 - Expectations • Speculations, C83 - Survey Methods • Sampling Methods, Central Bank Communication;Survey microdata;monetary policy interest rate expectations, |
| Online Access: | http://dx.doi.org/10.18235/0004692 https://publications.iadb.org/en/research-insights-how-do-monetary-policy-announcements-affect-expectations-inflation-and-monetary |
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