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Inflation Targeting in Brazil

Philip Arestis, Luiz Fernando de Paula () and Fernando Ferrari-Filho
Authors registered in the RePEc Author Service: Fernando Ferrari Filho ()

Economics Working Paper Archive from Levy Economics Institute

Abstract: The purpose of this paper is to examine inflation targeting (IT) in emerging countries by concentrating essentially on the case of Brazil. The IT monetary policy regime has been adopted by a significant number of countries. While the focus of this paper is on Brazil, which began inflation targeting in 1999, we also examine the experience of other countries, both for comparative purposes and for evidence of the extent of this "new" economic policy's success. In addition, we compare the experience of Brazil with that of non-IT countries, and ask the question of whether adopting IT makes a difference in the fight against inflation.

Date: 2008-09
New Economics Papers: this item is included in nep-cba, nep-mac, nep-mon and nep-pke
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Journal Article: Inflation targeting in Brazil (2011) Downloads
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