Inflation targeting performance in Brazil / O funcionamento do regime de metas de inflação no Brasil

AUTOR(ES)

Rodrigo Delgallo Hussne

DATA DE PUBLICAÇÃO

2006

RESUMO

This work intends to assess inflation-targeting framework performance in the Brazilian economy. It finds that the Central Bank?s single objective to reach the inflation targets leaded the country to face substantial costs in terms of output and employment growth. This work presents the theoretical fundamentals that support this type of monetary policy framework, attempting for the higher degree of complexity regarding the operation of inflation-targeting in emergent market economies. Finally, it describes some particular characteristics of the Brazilian economy that, in set with the Central Bank orthodoxy in the operation of monetary policy, increased the costs of reaching inflation targets in our country

ASSUNTO(S)

central bank inflação - brasil taxas de juros - brasil prices inflation brazil interest rates preços - brasil

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