Optimal Interest Rate Rules in Inflation Targeting Frameworks

José Rodrigues-Neto, Fabio Araújo and Marta Moreira

No 6, Working Papers Series from Central Bank of Brazil, Research Department

Abstract: This work describes the main characteristics of an inflation targeting regime and derives the optimal solution for interest rates according to an original methodology for two models based on the Phillips and IS curves containing general exogenous variables and a complete loss-function.

Date: 2000-07
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Persistent link: https://EconPapers.repec.org/RePEc:bcb:wpaper:6

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