<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-2596</journal-id>
<journal-title><![CDATA[Lecturas de Economía]]></journal-title>
<abbrev-journal-title><![CDATA[Lect. Econ.]]></abbrev-journal-title>
<issn>0120-2596</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Antioquia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-25962024000300203</article-id>
<article-id pub-id-type="doi">10.17533/udea.le.n102a354263</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Efectos de la política monetaria con metas de inflación en los retornos del mercado bursátil]]></article-title>
<article-title xml:lang="en"><![CDATA[Effects of Inflation-Targeting Monetary Policy on Stock Market Returns]]></article-title>
<article-title xml:lang="fr"><![CDATA[Effets de la politique monétaire axée sur la poursuite d&#8217;une cible d&#8217;inflation sur les rendements des marchés boursiers]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rodríguez Abraham]]></surname>
<given-names><![CDATA[Antonio Rafael]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad César Vallejo Facultad de Ciencias Empresariales Escuela Profesional de Negocios Internacionales]]></institution>
<addr-line><![CDATA[Trujillo ]]></addr-line>
<country>Peru</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<numero>102</numero>
<fpage>203</fpage>
<lpage>235</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-25962024000300203&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-25962024000300203&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-25962024000300203&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: El objetivo de este artículo es estudiar los efectos de la política monetaria con metas de inflación en los retornos del mercado bursátil peruano para el período 2012-2023. Siguiendo la metodología de estudio de eventos, se trabajó con 70 observaciones de la tasa de referencia y 70 observaciones de los retornos del índice S&amp;P/Peru Gen. Con base a la hipótesis del mercado eficiente, se separó la información en sus componentes esperado e inesperado. Siguiendo a Kuttner (2001) se estimó un proxy para el componente inesperado a partir de las tasas de interés interbancarias. Se concluye que un incremento de 1 % en la tasa de interés genera un incremento de 0,277 % en los retornos del mercado y viceversa, existiendo una relación positiva estadísticamente significativa. Los resultados sugieren que la BVL es un mercado eficiente y que el mercado bursátil no siempre responde a la política monetaria según lo establecido por la teoría.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: The aim of this paper is to study the effects of monetary policy with inflation targets on Peruvian stock market returns for the period 2012-2023. Following the event study methodology, we worked with 70 observations of the reference rate and 70 observations of the S&amp;P/Peru Gen index returns. Based on the efficient market hypothesis, the information was separated into its expected and unexpected components. Following Kuttner (2001), a proxy for the unexpected component was estimated from interbank interest rates. It is concluded that a 1 % increase in the interest rate generates a 0.277 % increase in market returns and vice versa, with a statistically significant positive relationship. The results suggest that the LSE is an efficient market and that the stock market does not always respond to monetary policy as established by theory.]]></p></abstract>
<abstract abstract-type="short" xml:lang="fr"><p><![CDATA[Résumé: L&#8217;objectif de cet article est d&#8217;étudier les effets de la politique monétaire de ciblage de l&#8217;inflation sur les rendements du marché boursier péruvien pour la période 2012-2023. En suivant la méthodologie de l&#8217;étude d&#8217;événement, nous avons travaillé avec 70 observations du taux de référence et 70 observations des rendements de l&#8217;indice S&amp;P/Peru Gen. Sur la base de l&#8217;hypothèse de marché efficient, l&#8217;information a été séparée en composantes attendues et inattendues. Suivant Kuttner (2001), une approximation de la composante inattendue a été estimée à partir des taux d&#8217;intérêt interbancaires. Il est conclu qu&#8217;une augmentation de 1 % du taux d&#8217;intérêt génère une augmentation de 0,277 % des rendements du marché et vice versa, avec une relation positive statistiquement significative. Les résultats suggèrent que le LSE est un marché efficient et que le marché boursier ne réagit pas toujours à la politique monétaire comme le prévoit la théorie.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[política monetaria]]></kwd>
<kwd lng="es"><![CDATA[metas de inflación]]></kwd>
<kwd lng="es"><![CDATA[estudio de eventos]]></kwd>
<kwd lng="es"><![CDATA[hipótesis del mercado eficiente]]></kwd>
<kwd lng="es"><![CDATA[retornos del mercado bursátil]]></kwd>
<kwd lng="en"><![CDATA[monetary policy]]></kwd>
<kwd lng="en"><![CDATA[inflation targeting]]></kwd>
<kwd lng="en"><![CDATA[event study]]></kwd>
<kwd lng="en"><![CDATA[efficient market hypothesis]]></kwd>
<kwd lng="en"><![CDATA[stock market returns]]></kwd>
<kwd lng="fr"><![CDATA[politique monétaire]]></kwd>
<kwd lng="fr"><![CDATA[ciblage de l&#8217;inflation]]></kwd>
<kwd lng="fr"><![CDATA[étude d&#8217;événements]]></kwd>
<kwd lng="fr"><![CDATA[hypothèse de marché efficient]]></kwd>
<kwd lng="fr"><![CDATA[rendements boursiers]]></kwd>
</kwd-group>
</article-meta>
</front><back>
<ref-list>
<ref id="B1">
<nlm-citation citation-type="">
<collab>Banco Central de Reserva del Perú</collab>
<source><![CDATA[Nota informativa 009-2009]]></source>
<year>2009</year>
</nlm-citation>
</ref>
<ref id="B2">
<nlm-citation citation-type="">
<collab>Banco Central de Reserva del Perú</collab>
<source><![CDATA[Nota informativa. Programa monetario de junio de 2010]]></source>
<year>2010</year>
</nlm-citation>
</ref>
<ref id="B3">
<nlm-citation citation-type="">
<collab>Banco Central de Reserva del Perú</collab>
<source><![CDATA[Nota informativa. Programa monetario de enero de 2011]]></source>
<year>2011</year>
</nlm-citation>
</ref>
<ref id="B4">
<nlm-citation citation-type="">
<collab>Banco Central de Reserva del Perú</collab>
<source><![CDATA[Política monetaria]]></source>
<year>2020</year>
</nlm-citation>
</ref>
<ref id="B5">
<nlm-citation citation-type="">
<collab>Banco Central de Reserva del Perú</collab>
<source><![CDATA[Nota informativa. Programa monetario extraordinario de marzo de 2020]]></source>
<year>2020</year>
</nlm-citation>
</ref>
<ref id="B6">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Benchimol]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Saadon]]></surname>
<given-names><![CDATA[Y.]]></given-names>
</name>
<name>
<surname><![CDATA[Segev]]></surname>
<given-names><![CDATA[N.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Stock Market Reactions to Monetary Policy Surprises under Uncertainty]]></article-title>
<source><![CDATA[International Review of Financial Analysis]]></source>
<year>2023</year>
<volume>89</volume>
<page-range>102783</page-range></nlm-citation>
</ref>
<ref id="B7">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Bernanke]]></surname>
<given-names><![CDATA[B. S.]]></given-names>
</name>
<name>
<surname><![CDATA[Kuttner]]></surname>
<given-names><![CDATA[K. N.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[What Explains the Stock Market's Reaction to Federal Reserve Policy?]]></article-title>
<source><![CDATA[The Journal of Finance]]></source>
<year>2005</year>
<volume>60</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>1221-57</page-range></nlm-citation>
</ref>
<ref id="B8">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Chauvet]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Jiang]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Nonlinear Relationship between Monetary Policy and Stock Returns: Evidence from the U.S.]]></article-title>
<source><![CDATA[Global Finance Journal]]></source>
<year>2023</year>
<volume>55</volume>
<page-range>1-16</page-range></nlm-citation>
</ref>
<ref id="B9">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Ehrmann]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Fratzscher]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<source><![CDATA[Taking Stock: Monetary Policy Transmission to Equity Markets]]></source>
<year>2004</year>
<publisher-loc><![CDATA[European Central Bank ]]></publisher-loc>
</nlm-citation>
</ref>
<ref id="B10">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Eldomiaty]]></surname>
<given-names><![CDATA[T.]]></given-names>
</name>
<name>
<surname><![CDATA[Saeed]]></surname>
<given-names><![CDATA[Y.]]></given-names>
</name>
<name>
<surname><![CDATA[Hammam]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
<name>
<surname><![CDATA[AboulSoud]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The associations between Stock Prices, Inflation Rates, Interest Rates Are Still Persistent: Empirical Evidence from Stock Duration Model]]></article-title>
<source><![CDATA[Journal of Economics, Finance and Administrative Science]]></source>
<year>2020</year>
<volume>25</volume>
<numero>49</numero>
<issue>49</issue>
<page-range>149-61</page-range></nlm-citation>
</ref>
<ref id="B11">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Fama]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Efficient Capital Markets: II]]></article-title>
<source><![CDATA[The Journal of Finance]]></source>
<year>1991</year>
<volume>46</volume>
<numero>5</numero>
<issue>5</issue>
<page-range>1575-617</page-range></nlm-citation>
</ref>
<ref id="B12">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Farsio]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Impact of Interest Rates on Stock Prices in the UAE]]></article-title>
<source><![CDATA[European Journal of Management]]></source>
<year>2010</year>
<volume>10</volume>
<numero>3</numero>
<issue>3</issue>
</nlm-citation>
</ref>
<ref id="B13">
<nlm-citation citation-type="">
<collab>Federal Open Market Committee (FOMC)</collab>
<source><![CDATA[Press release]]></source>
<year>2007</year>
</nlm-citation>
</ref>
<ref id="B14">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Fernández]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<source><![CDATA[Mercados financieros, instituciones e instrumentos]]></source>
<year>2009</year>
<publisher-loc><![CDATA[Centro de Investigación de la Universidad del Pacífico ]]></publisher-loc>
</nlm-citation>
</ref>
<ref id="B15">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hanousek]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Ko&#269;enda]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
</person-group>
<source><![CDATA[Intraday Price Discovery in Emerging European Stock Markets]]></source>
<year>2009</year>
</nlm-citation>
</ref>
<ref id="B16">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Harasheh]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Libdeh]]></surname>
<given-names><![CDATA[H. A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Testing for Correlation and Causality Relationships between Stock Prices and Macroeconomic Variables. The Case of Palestine Securities Exchange]]></article-title>
<source><![CDATA[International Review of Business Research Papers]]></source>
<year>2011</year>
<volume>7</volume>
<numero>5</numero>
<issue>5</issue>
<page-range>141-54</page-range></nlm-citation>
</ref>
<ref id="B17">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hussain]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<source><![CDATA[Simultaneous Monetary Policy Announcements and International Stock Markets Response: An Intraday Analysis]]></source>
<year>2010</year>
</nlm-citation>
</ref>
<ref id="B18">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Ioannidis]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
<name>
<surname><![CDATA[Kontonikas]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Impact of Monetary Policy on Stock Prices]]></article-title>
<source><![CDATA[Journal of Policy Modeling]]></source>
<year>2008</year>
<volume>30</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>33-53</page-range></nlm-citation>
</ref>
<ref id="B19">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Krugman]]></surname>
<given-names><![CDATA[P.]]></given-names>
</name>
<name>
<surname><![CDATA[Wells]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
</person-group>
<source><![CDATA[Macroeconomía]]></source>
<year>2019</year>
<publisher-name><![CDATA[Reverté]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B20">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Kuttner]]></surname>
<given-names><![CDATA[K. N.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Monetary Policy Surprises and Interest Rates: Evidence from the Fed Funds Futures Market]]></article-title>
<source><![CDATA[Journal of Monetary Economics]]></source>
<year>2001</year>
<volume>47</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>523-44</page-range></nlm-citation>
</ref>
<ref id="B21">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mankiw]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<source><![CDATA[Principles of Economics]]></source>
<year>2018</year>
<publisher-name><![CDATA[CENGAGE]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B22">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Marozva]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Effects of Monetary Policy on Stock Market Returns and Volatility: Evidence from South Africa]]></article-title>
<source><![CDATA[Academy of Accounting and Financial Studies Journal]]></source>
<year>2020</year>
<volume>24</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>1-11</page-range></nlm-citation>
</ref>
<ref id="B23">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mayo]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
</person-group>
<source><![CDATA[Investments: An introduction]]></source>
<year>2016</year>
<publisher-name><![CDATA[Cengage Learning]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B24">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[McQueen]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Roley]]></surname>
<given-names><![CDATA[V.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Stock Prices, News, and Business Conditions]]></article-title>
<source><![CDATA[The Review of Financial Studies]]></source>
<year>1993</year>
<volume>6</volume>
<numero>3</numero>
<issue>3</issue>
<page-range>683-707</page-range></nlm-citation>
</ref>
<ref id="B25">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Méndez-Heras]]></surname>
<given-names><![CDATA[L. B.]]></given-names>
</name>
<name>
<surname><![CDATA[Venegas-Martínez]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
<name>
<surname><![CDATA[Solis-Rosales]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Finanzas y crecimiento en México: ¿Quién aporta más, la banca o la bolsa?]]></article-title>
<source><![CDATA[Lecturas de Economía]]></source>
<year>2022</year>
<numero>96</numero>
<issue>96</issue>
<page-range>235-78</page-range></nlm-citation>
</ref>
<ref id="B26">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Olmo]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<source><![CDATA[3 razones por las que la economía de Perú sigue creciendo pese a las constantes crisis políticas en el país]]></source>
<year>2023</year>
<publisher-loc><![CDATA[BBC Mundo ]]></publisher-loc>
</nlm-citation>
</ref>
<ref id="B27">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Rodríguez]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<source><![CDATA[Impacto de la política monetaria en la rentabilidad de la Bolsa de Valores de Lima 2006-2011]]></source>
<year>2013</year>
<publisher-name><![CDATA[Universidad Nacional de Trujillo]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B28">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Ross]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Westerfield]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
<name>
<surname><![CDATA[Bradford]]></surname>
<given-names><![CDATA[B.]]></given-names>
</name>
</person-group>
<source><![CDATA[Fundamentals of Corporate Finance]]></source>
<year>2019</year>
<publisher-name><![CDATA[Mc Graw Hill]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B29">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Samuelson]]></surname>
<given-names><![CDATA[P.]]></given-names>
</name>
<name>
<surname><![CDATA[Nordhaus]]></surname>
<given-names><![CDATA[W.]]></given-names>
</name>
</person-group>
<source><![CDATA[Macroeconomía: con aplicaciones]]></source>
<year>2019</year>
<publisher-name><![CDATA[McGraw Hill Interamericana S.A.]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B30">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Shapiro]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Hanouna]]></surname>
<given-names><![CDATA[P.]]></given-names>
</name>
</person-group>
<source><![CDATA[Multinational Financial Management]]></source>
<year>2019</year>
<publisher-name><![CDATA[Wiley]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B31">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Sohn]]></surname>
<given-names><![CDATA[W.]]></given-names>
</name>
<name>
<surname><![CDATA[Eom]]></surname>
<given-names><![CDATA[Y.]]></given-names>
</name>
</person-group>
<source><![CDATA[Monetary Policy and the Stock Market: Intraday Transaction Data Analysis]]></source>
<year>2006</year>
<publisher-loc><![CDATA[Bank of Korea ]]></publisher-loc>
</nlm-citation>
</ref>
<ref id="B32">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Sosa]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Ortiz-Calisto]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
<name>
<surname><![CDATA[Cabello]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Impact of Economic Policy Uncertainty on Mexican Economic Activity and Stock and Currency Markets: A DCC Approach]]></article-title>
<source><![CDATA[Lecturas de Economía]]></source>
<year>2023</year>
<numero>98</numero>
<issue>98</issue>
<page-range>39-65</page-range></nlm-citation>
</ref>
<ref id="B33">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Thorbecke]]></surname>
<given-names><![CDATA[W.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[On Stock Market Returns and Monetary Policy]]></article-title>
<source><![CDATA[The Journal of Finance]]></source>
<year>1997</year>
<volume>52</volume>
<numero>2</numero>
<issue>2</issue>
<page-range>635-54</page-range></nlm-citation>
</ref>
<ref id="B34">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Vega]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Lahura]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
</person-group>
<source><![CDATA[Assessing Central Bank Communication through Monetary Policy Statements: Results for Colombia, Chile and Peru]]></source>
<year>2020</year>
<publisher-loc><![CDATA[Banco Central de Reserva del Perú ]]></publisher-loc>
</nlm-citation>
</ref>
</ref-list>
</back>
</article>
