Interest rate pass-through in the Dominican Republic
A well-functioning monetary transmission mechanism is critical for monetary policy. As the Dominican Republic recently adopted an inflation targeting regime, it is even more relevant to guarantee that changes in the monetary policy rates are quickly and fully reflected in retail rates, to eventually influence aggregate demand and inflation. This paper written by Francesco Grigoli
- Published in Revistas CIDE
The economic integration of Spain: a change in the inflation pattern
The behavior of Spanish inflation rates at the provincial level (consumption prices) differs over the two spans of time considered in our study (1955.1–1978.6, 1978.7–2014.4). Alejandro C. García-Cintado, Diego Romero-Ávila and Carlos Usabiaga point to a long list of institutional and economic changes, at national and international levels, as the potential factors that might have led
- Published in Revistas CIDE