Showing 1 - 10 of 478
Monetary policy, inflation and economic growth: the influence of the monetary authority?s reputation upon the economy … The following paper aims to show that, although a monetary policy, which merely seeks to control inflation through an … interest rate rule (under inflation targeting), may reach such a goal, it will present a worst outcome whether compared to a …
Persistent link: https://www.econbiz.de/10004985694
We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...
Persistent link: https://www.econbiz.de/10010331102
We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...
Persistent link: https://www.econbiz.de/10010230124
Inflation targeting and price-making in monetary economies: is it possible to conciliate growth with price stability …? - Recently a number of countries have adopted explicit inflation targets as a guide for policy since a numerical target is … attractive for anchoring inflation expectations. Monetary policy, under inflation targeting, is implemented grounded on handling …
Persistent link: https://www.econbiz.de/10008497799
This paper deals with the financial statements of Central Banks. The starting point is the analysis of their balance sheets, which reveal their strong connections, on the one hand, with the National Treasuries; on the other hand, with the financial firms. The balance sheets reveal, besides the...
Persistent link: https://www.econbiz.de/10011537884
This paper deals with the financial statements of Central Banks. The starting point is the analysis of their balance sheets, which reveal their strong connections, on the one hand, with the National Treasuries; on the other hand, with the financial firms. The balance sheets reveal, besides the...
Persistent link: https://www.econbiz.de/10011530208
The evaluation of forecasts performance of market expectations about the Brazilian inflation rate (Focus survey) is …) showed that, in the period 2000.1 2005.4, several models had superior forecast ability than the mean of market inflation rate …
Persistent link: https://www.econbiz.de/10010330660
The evaluation of forecasts performance of market expectations about the Brazilian inflation rate (Focus survey) is …) showed that, in the period 2000.1 2005.4, several models had superior forecast ability than the mean of market inflation rate …
Persistent link: https://www.econbiz.de/10009231336
This paper estimates the Brazilian NAILO (Nonaccelerating Inflation Level of Output), obtains (Bayesian) probability … the Nailo and the acceleration of inflation. As explained in the text, the NAILO should not be confused with the country … inflation rate between 0.5 and 0.7 pp (percentage points). We also observed a very close relationship between changes in the …
Persistent link: https://www.econbiz.de/10003772458
Persistent link: https://www.econbiz.de/10003909666