Eric Parrado

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We investigate the extent to which inflation targeting helps anchor long-run inflation expectations by comparing the behavior of daily bond yield data in the United Kingdom and Sweden—both inflation targeters—to that in the United States, a non-inflation-targeter. Using the difference between far-ahead forward rates on nominal and inflation-indexed bonds as(More)
We examined the endoparasites of wild nutria from the native region of South America. Individuals were infected with nineteen species, including Nematoda (82.0 %), Protozoa (46.1 %), Trematoda (33.3 %) and Cestoda (12.8%). Coccidia (Eimeria sp. or Isospora sp.), Strongyloides myopotami and Trichuris myocastoris were the most abundant and prevalent(More)
Many central banks have adopted a formal inflation-targeting framework based on the belief and the theoretical predictions that an explicit and clearly communicated numerical objective for the level of inflation over a specified period would, in itself, be a strong communication device that would help anchor long-term inflation expectations.1 Empirically(More)
Using an optimizing model we compare alternative monetary policy rules and exchange rate regimes for a small stochastic open economy with imperfect competition and short run price rigidity. The criteria to choose among rules and regimes are obtained using a welfare criterion derived from the utility function of the representative agent. The main findings of(More)
Using an optimizing model we derive the optimal monetary and exchange rate policy for a small stochastic open economy with imperfect competition and short run price rigidity. The optimal monetary policy has an exact closed-form solution and is obtained using as welfare criterion the utility function of the representative home agent. We conclude that the(More)
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. Using data from(More)
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. The Monetary Authority(More)
This study investigates the impact of financial sector reforms on interest rate spreads in the commercial banking system in Malawi. The financial reform program commenced in 1989 when both the Reserve Bank Act and the Banking Act were revised with the easing of entry requirements into the banking system, and indirect monetary policy instruments were(More)
Little information is present in the literature on diseases of the nutria (Myocastor coypus) in the wild. Serum samples obtained from 176 trapped animals were tested for antibody reactivity against 11 pathogens of significant zoonoses. Sera were positive against Leptospira (38.0 %, odds relative risk = 0.03, Taylor series 95 % confidence limits 0.01–0.06),(More)
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