000			01427naa a2200217uu 4500
001			8011017582219
003			OSt
005			20190212105948.0
008			080110s1999 bl ||||gr |0|| 0 por d
100	1		_aHILIBRECHT, Ronaldo _933434
245	1	0	_aA polítical economy model of monetary policy decentralized decision for seigniorage
260			_aSão Paulo : _bEditora 34, _cout./dez. 1999
520	3		_aA political economy model is developed to provide a rationale of monetary policy in high inflation regimes, such as the Brazilian experience until the advent of the Plano Real. Decision making of monetary policy is assumed to be decentralized, where several decision-makers competitively determine the quantity of money. It is shown that equilibrium inflation is higher than under the alternative monetary regime where decision making is centralized at the Central Bank. An important additional feature of this political economy model is that it does not rely on time-inconsistency to generate high and sub-optimal inflation
590			_aRevista de Economía política 1999
590			_av. 19, n. 4(76)
770	0		_a134-146134-146134-146134-146
773	0	8	_tRevista de Economia Política = Brazilian Journal of Political Economy _g19, 4 _dSão Paulo : Editora 34, out./dez. 1999 _xISSN 01013157 _w
942			_cS
998			_a20080110 _b1758^b _cMariana
998			_a20140207 _b1058^b _ckarina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c25429 _d25429
041			_apor