found for Brazil. More surprisingly, they are smaller than South Africa's, the continent's sole long-term inflation targeter …

we try to identify the main factors that contributed to it, with a focus on Brazil. We estimate an interval for Brazil …

This paper highlights that real interest rates in Brazil have declined substantially over time, but are still well … Brazil sustain significantly lower real interest rates than in the past. Going forward, the paper shows that Brazil can … savings. Still, econometric results suggest that, controlling for everything else in the model, real interest rates in Brazil …