New Explicit Inflation Targeting Scheme in Peru

Authors

  • Paúl Castillo B. Faculty of Economic Engineering, Statistics and Social Sciences, National University of Engineering. Lima, Peru.

DOI:

https://doi.org/10.21754/iecos.v2i0.1122

Keywords:

Scheme, Goals, Inflation

Abstract

In January 2002, the Central Reserve Bank of Peru (BCRP) decided to change its monetary policy scheme, which since the beginning of the 1990s had been based on the control of monetary aggregates, for an Explicit Inflation Goals Scheme. This article analyzes the rationale for this change in the monetary regime, the particularities of its application in Peru, as it is a partially dollarized country, and its potential benefits.

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Published

2021-03-13

How to Cite

Castillo B., P. (2021). New Explicit Inflation Targeting Scheme in Peru. Revista IECOS, 2(1), 29–33. https://doi.org/10.21754/iecos.v2i0.1122

Issue

Vol. 2 (2006)

Section

Research Articles