The transmission mechanism of monetary policy in a stabilizing economy: notes on the case of Brazil

Francisco Lopes ()

Brazilian Journal of Political Economy, 1997, vol. 17, issue 3, 323-329

Abstract: This note presents some considerations about the difficulty to understand thetransmission mechanism of monetary policy. This difficulty becomes even more accentuatein case of economies experiencing a change in an environment from high to low rates ofinflation, with an analysis to the Brazilian case. JEL Classification: E52; E58.

Keywords: Monetary policy; inflation; stabilization; exchange rate (search for similar items in EconPapers)
Date: 1997
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