Costa, Fernando Nogueira da - In: Brazilian journal of political economy 21 (2001) 84, pp. 93-111
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 … increase deflation and, on the other, to create stagflation - unemployment and inflation. (Rev Econ Polit/DÜI) …