000 01259naa a2200193uu 4500
001 7120719040319
003 OSt
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008 071207s2002 bl ||||gr |0|| 0 por d
100 1 _aARIDA, Persio
_933204
245 1 0 _aMúltiplos equilíbrios
260 _aSão Paulo :
_bEditora 34,
_cjul./set. 2002
520 3 _aThe note is the second of a series of four notes written for students on current policy debates. It focuses on a simple open economy model in which there is a subjective default probability on domestic debt. Under certain conditions there is more than one pair interest/exchange consistent with a given inflation target. Dynamics is explored under a simple behavior rule according to which Central Bank increases interest if inflation is above target. The effect of credible fiscal tightening, external shocks in interest rates or sovereign debt and expected changes in the convertibility regime are discussed
590 _av. 22, . 3(87)
773 0 8 _tRevista de Economia Política = Brazilian Journal of Political Economy
_g22, 3 , p. 123-131
_dSão Paulo : Editora 34, jul./set. 2002
_xISSN 01013157
_w
942 _cS
998 _a20071207
_b1904^b
_cMariana
998 _a20140205
_b1059^b
_ckarina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c25263
_d25263
041 _apor