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

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 …

"inflation targeting policy", an instrument of intervention of the central bank, through the short run nominal interest rate. The … inflation targeting which does not assume the hypotheses above, and in which inflation targeting is based on the control of real …

increase deflation and, on the other, to create stagflation - unemployment and inflation. (Rev Econ Polit/DÜI) …This paper analyzes inflation targeting, focusing on the interest-price transmission mechanism. The authors discuss the … component of the prices formed in the Brazilian retail industry. The big risk of inflation targeting, on the one side, is to …

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