adoption of the inflation targeting regime in Brazil. The BCB`s reaction function has some features that corroborate the thesis … floor; and b) is inattentive to the state of the economy (the inflation and output gaps), and expresses an excessive …

inflation targeting, this account suggests that the high exchange rate volatility in Brazil may be related to the monetary …This paper investigates the relationship between interest rate and volatility of real effective exchange rate in Brazil … and interest rate (Selic and Selic discounted the inflation calculated by IPCA) are independent. Under the regime of …

This paper aims to discuss the determinants of Brazilian inflation measured by the Extended National Consumer Price … more influence on inflation are ordered by the so-called Inflation Targeting Pressure Index (ITPI), designed to measure the … function method, with monthly data from 1999 to 2009 to estimate the macroeconomic determinants of inflation in the 22 …

This paper presents estimates for Brazilian inflation during the 2000s. The results of a structural model with two … endogenous variables - wage inflation and consumer inflation - indicate that: i) the demand indicator was not statistically … significant in the consumer inflation, but it was important to explain wage inflation; ii) variations in the exchange rate and in …

The evaluation of forecasts performance of market expectations about the Brazilian inflation rate (Focus survey) is … important given the prominent role of these expectations in the conduction of monetary policy in Brazil. Lima e Céspedes (2006 …) showed that, in the period 2000.1 2005.4, several models had superior forecast ability than the mean of market inflation rate …