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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
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
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
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
Persistent link: https://www.econbiz.de/10001707286
The article discusses, based in the theory of Central Bank independence and in the process of formation of the Brazilian monetary authority, the autonomy de facto of BCB inside the State and in face to civil society. Although it is not formally independent, for not disposing of the exclusive...
Persistent link: https://www.econbiz.de/10010330711
The article discusses, based in the theory of Central Bank independence and in the process of formation of the Brazilian monetary authority, the autonomy "de facto" of BCB inside the State and in face to civil society. Although it is not formally independent, for not disposing of the exclusive...
Persistent link: https://www.econbiz.de/10008778141
Portuguese Abstract: Visando incrementar a integração nacional às finanças globais, as autoridades regulatórias brasileiras têm progressivamente absorvido normas harmonizadas que afetam diretamente a arquitetura do mercado financeiro interno. O Comitê da Basiléia iniciou seus trabalhos...
Persistent link: https://www.econbiz.de/10012895588