The New Palgrave Dictionary of Economics

Living Edition
| Editors: Matias Vernengo, Esteban Perez Caldentey, Barkley J. Rosser Jr

Inflation Targets in Latin America

  • José De GregorioEmail author
Living reference work entry


Many emerging market economies have adopted inflation target regimes since they were introduced by New Zealand. Latin America has not been the exception. Currently there are eight countries that conduct monetary policy through inflation target regimes. After reviewing the history of chronic inflation in Latin America, this article describes the experiences with inflation targets and the performance of these countries during the global financial crisis.


Inflation Inflation targets Latin America Monetary policy 

JEL Classification

E52 E58 
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Copyright information

© The Author(s), under exclusive license to Springer Nature Limited 2019

Authors and Affiliations

  1. 1.School of Economics and BusinessUniversidad de ChileSantiagoChile

Section editors and affiliations

  • Esteban Pérez Caldentey
    • 1
  • Ignacio Perrotini
    • 2
  1. 1.Economic Commission for Latin America and the Caribbean ECLACSantiagoChile
  2. 2.The National Autonomous University of MexicoMexico CityMexico