Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckiano
By: PORCILE, Gabriel
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Contributor(s): SOUZA, Alexandre | VIANA, Ricardo.
Material type: 
ArticlePublisher: São Paulo : Editora 34, out./dez. 2011Subject(s): Inflação | Política Econômica | Modelo | Teoria EconômicaOnline resources: Acesso Revista de Economia Política = Brazilian Journal of Political Economy 31, 4, p. 579-593Abstract: Inflation target, real exchange rate and external crisis in a Kaleckian model. Which role should the real exchange rate play in an inflation target regime? In this paper this point is discussed from the point of view of the conditions required for avoiding an external crisis. With this objective, a dynamic Kaleckian model is presented focusing on the stability of the external debt to capital ratio. The main conclusion is that policy makers should monitor closely the evolution of the real exchange rate in order to make compatible the inflation target regime with external stability
Inflation target, real exchange rate and external crisis in a Kaleckian model. Which role should the real exchange rate play in an inflation target regime? In this paper this point is discussed from the point of view of the conditions required for avoiding an external crisis. With this objective, a dynamic Kaleckian model is presented focusing on the stability of the external debt to capital ratio. The main conclusion is that policy makers should monitor closely the evolution of the real exchange rate in order to make compatible the inflation target regime with external stability
Outubro-dezembro/2011
v. 31, n 4(124)
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