EconPapers    
Economics at your fingertips  
 

A nova política monetária: uma análise do regime de metas de inflação no Brasil

Philip Arestis, Fernando Ferrari Filho () and Luiz Fernando de Paula ()

Revista Economia e Sociedade, 2009, vol. 36, 31

Abstract: Assessing the inflation targeting regime in Brazil- This paper is concerned with ?new? monetary policy, essentially what has come to be known as inflation targeting (IT). While the paper aims to examine this policy in the case of emerging countries, the focus is on Brazil and the application of this monetary policy framework in the case of this country since 1999. The paper begins by discussing the theoretical foundations and operational aspects of IT, before it turns to an examination of the experience of IT in Brazil. The Brazilian experience is compared and contrasted with that of other similar countries. The paper concludes by suggesting that although IT have had the intended impact, non-IT countries have also had a similar experience. Furthermore, the Brazilian experience with IT has been one of low growth and relatively high inflation.

Keywords: Inflation targeting countries; Non-inflation targeting countries; Emerging country experience; Brazil (search for similar items in EconPapers)
JEL-codes: E42 E52 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.eco.unicamp.br/docdownload/publicacoes/ ... iedade%20Artigo1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:euc:ancoec:v:36:y:2009:p:1-31

Access Statistics for this article

More articles in Revista Economia e Sociedade from Instituto de Economia, Universidade Estadual de Campinas (UNICAMP) Contact information at EDIRC.
Bibliographic data for series maintained by Antonio Carlos Macedo e Silva ().

 
Page updated 2023-01-03
Handle: RePEc:euc:ancoec:v:36:y:2009:p:1-31