The Banco Central do Brasil's institutional framework after ten years
By: CARRÉ, Emmanuel
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ArticlePublisher: São Paulo : Editora 34, out./dez. 2011Subject(s): Banco Central | Inflação | Política Monetária | Modelo de Gestão | Transparência GovernamentalOnline resources: Acesso | Acesso Revista de Economia Política = Brazilian Journal of Political Economy 31, 4, p. 594-617Abstract: The Banco Central do Brazil (BACEN) adopted inflation targeting in 1999. This monetary policy regime originates in institutional design which remains crucial today for the expectations management, and is in permanent evolution. After 10 years, the BACEN institutional framework is assessed, asking if there is still room for improvement. Various institutional procedures are analysed, and lessons are drawn from the international experience of a panel of sixteen countries. Some proposals for the BACEN institutional framework are made
The Banco Central do Brazil (BACEN) adopted inflation targeting in 1999. This monetary policy regime originates in institutional design which remains crucial today for the expectations management, and is in permanent evolution. After 10 years, the BACEN institutional framework is assessed, asking if there is still room for improvement. Various institutional procedures are analysed, and lessons are drawn from the international experience of a panel of sixteen countries. Some proposals for the BACEN institutional framework are made
Outubro-dezembro/2011
v. 31, n. 4(124)
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