As metas de inflação : sugestões para um regime permanente
By: GIAMBIAGI, Fabio
.
Contributor(s): CARVALHO, José Carlos.
Material type: 
ArticlePublisher: São Paulo : Editora 34, jul./set. 2002Revista de Economia Política = Brazilian Journal of Political Economy 22, 3 , p. 25-45Abstract: In 1999 the inflation targeting regime was introduced in Brazil in an environment plenty of uncertainties and relatively high inflation rates. As a consequence, the set of rules that to this day govern the Brazilian regime still lack a strong institutional support. This paper makes some proposals for a permanent inflation targeting regime. In doing so, we discuss how can a greater institutional commitment be achieved with the inflation targeting setup. We also discuss issues on what the permanent inflation target level should be and also how much deviation from the target should be tolerated. Based on these issues, we suggest a set of rules to be adopted in Brazil
In 1999 the inflation targeting regime was introduced in Brazil in an environment plenty of uncertainties and relatively high inflation rates. As a consequence, the set of rules that to this day govern the Brazilian regime still lack a strong institutional support. This paper makes some proposals for a permanent inflation targeting regime. In doing so, we discuss how can a greater institutional commitment be achieved with the inflation targeting setup. We also discuss issues on what the permanent inflation target level should be and also how much deviation from the target should be tolerated. Based on these issues, we suggest a set of rules to be adopted in Brazil
v. 22, n. 3(87)
Click on an image to view it in the image viewer
There are no comments for this item.