Discussion Paper
How Well-Anchored are Long-term Inflation Expectations in Latin America?
Robitaille, Patrice T.; Zhang, Tony; Weisberg, Brent (2024-12-20)
In the late 1990s and early 2000s, Brazil, Chile, Colombia, Mexico, and Peru (hereafter referred to as the Latin 5) adopted inflation targeting frameworks as their monetary policy strategy, allowing greater exchange rate variability than in the past. By taking this step, policy makers aimed to put an end to a historical record of high and variable inflation.
FEDS Notes , Paper 2024-12-20-2