Showing 1 - 10 of 9,570
El objetivo de este paper es realizar una descripción del caso brasileño, en lo que hace a la salida de un sistema en el cual el ancla nominal de la economía era un tipo de cambio semi-fijo, hacia un régimen de flotación “cuasi” limpia de la moneda, en el que el ancla de la economía...
Persistent link: https://www.econbiz.de/10005076607
The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and, thus, an institutional stance. It is Post-Keynesian as long as it does not perceive any benefit in the mainstream split between monetary and fiscal policies. And it is...
Persistent link: https://www.econbiz.de/10005014711
inflation targeting in Brazil, emphasizing the effect of inflation targeting credibility on the business confidence of …
Persistent link: https://www.econbiz.de/10010814553
In this paper, we consider whether long-term inflation expectations have become better anchored in Brazil, Chile, and … first to examine the evidence from Brazil and Mexico, making use of the fact that markets for longterm government debt have …, consumer prices, or real activity variables. Finally, long-run inflation expectations in Brazil appear to have been less well …
Persistent link: https://www.econbiz.de/10010784200
This paper assesses Brazil's growth performance from a long-term perspective, using crosscountry and panel estimation … macroeconomic stability and several reforms have helped raise per capita growth in Brazil since the mid-1990s. The results also show …
Persistent link: https://www.econbiz.de/10005826652
A single variable describes, day-by-day, what investors think about the state of Brazil's economy: the Brazilian … markets' assessment of the probability that Brazil might default on its debt obligations. This is mainly because the cost of … domestic interest rates, is thus the necessary first step in order to understand macroeconomic developments in Brazil. The …
Persistent link: https://www.econbiz.de/10005123784
paper uses a friction model to estimate intervention reaction functions and the associated marginal effects for Brazil and … findings are that: i) in both countries interventions occur predominantly to reduce exchange-rate volatility, while in Brazil … contemporaneous monetary policy in Brazil, but not in the Czech Republic, where both policies appear to be interrelated …
Persistent link: https://www.econbiz.de/10005046071
show that inflation targeting managed to reduce inflation in Brazil after its 1999 and 2002 currency crises, with a … during exchange-rate targeting in Brazil, but with a smaller volatility and an apparent upward trend during inflation …
Persistent link: https://www.econbiz.de/10005445889
Purpose – The purpose of this paper is to make an analysis of the Brazilian experience after the adoption of inflation targeting concerning the effects caused by the new practices of transparency and communication in the monetary policy. Design/methodology/approach – Changes in the financial...
Persistent link: https://www.econbiz.de/10010684923
monetary policy through the credit channel in Brazil. The study verifies if the monetary policy, the economic activity and the … this study is that, in inflation targeting emerging economies, such as that of Brazil, following a committed monetary … activity and the process of anchoring of inflation expectations affect the supply of credit in Brazil. Moreover, the paper …
Persistent link: https://www.econbiz.de/10010688400