Ambrosio Dias, Maria Helena; Teixeira, Anderson Mutter; … - In: EconomiA 14 (2013) 3-4, pp. 158-170
The main objective of this paper is to estimate a Central Bank reaction function that accounts for the effects of directors’ rotation of the Brazilian COPOM (Monetary Policy Committee). The reaction function proposed is assumed to be the mechanism for inflation targeting policy. It accounts...