1. bookVolumen 11 (2022): Edición 1 (January 2022)
Detalles de la revista
Primera edición
11 Mar 2014
Calendario de la edición
3 veces al año
access type Acceso abierto

Macroprudential Transparency and Price Stability in Emerging and Developing Countries

Publicado en línea: 18 Jan 2022
Volumen & Edición: Volumen 11 (2022) - Edición 1 (January 2022)
Páginas: 105 - 129
Recibido: 20 Aug 2020
Aceptado: 09 Mar 2021
Detalles de la revista
Primera edición
11 Mar 2014
Calendario de la edición
3 veces al año

One of the focuses of recent literature has been the macroeconomic effects of macroprudential policy instruments. The innovation of this paper is that it studies the effects of transparent macro-prudential policies on price stability. The results presented herein provide the first empirical evidence that macroprudential transparency can aid to achieve stable inflation in emerging and developing countries. The effect is necessarily transmitted through reduced occurrence of banking crises. We also record a particular advantage of macroprudential transparency for non-inflation targeting countries. Overall, the results are robust to the use of two proxies of price stability.


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