A contribution to the debate on the efficacy of monetary policy and some implications in the case of Brazil. The main … reasoning, inflation target monetary policy regimes are criticized, in particular the one adopted in post-1999 balance of … payments crisis Brazil because of its deleterious impact on investment and growth. (Rev Econ Polit/GIGA) …

Interest rate, exchange rate and the system of inflation target in Brazil. In the consensus view of the Brazilian … system of inflation targeting, the core of inflation is due to demand shocks; the rate of interest is set to control demand … core inflation comes from cost push; the interest rate affects the exchange rate; changes in the exchange rate affect costs …

procyclical and asymmetrical in Brazil under inflation targeting. The main economic policy implication of this study is that …This paper analyzes the relation between monetary policy and economic performance in Brazil during the period 1999 …-2006. In particular, it discusses the growth effects of the inflation targeting regime through its effects on aggregate demand …

increasing transparency in the conduction of the monetary policy. After the adoption of inflation targeting in Brazil there was … an increase in the communication of the Central Bank of Brazil with the public. This paper makes a brief review of the …

The aim of this paper is to apply two indexes for measuring the credibility of the inflation targeting in Brazil and to … analyze their outcomes. The findings denote that the framework adopted for this monetary regime in Brazil is not adequate for …

In 1999 the inflation targeting regime was introduced in Brazil in an environment plenty of uncertainties and … relatively high inflation rates. As a consequence, the set of rules that to this day govern the Brazilian regime still lack a … strong institutional support. This paper makes some proposals for a permanent inflation targeting regime. In doing so, we …

This paper analyzes inflation targeting, focusing on the interest-price transmission mechanism. The authors discuss the … recent performance of the retail industry in Brazil, highlighting how monetary policy affects prices, both directly and … component of the prices formed in the Brazilian retail industry. The big risk of inflation targeting, on the one side, is to …