Arestis, Philip; Ferrari-Filho, Fernando; Paula, Luiz … - In: International Review of Applied Economics 25 (2011) 2, pp. 127-148
The purpose of this paper is to examine the Inflation Targeting (IT) framework as it is applied in the case of Brazil since its adoption in June 1999. For this purpose we first summarize the macroeconometric model utilized by the Central Bank of Brazil (BCB) in its pursuit of the IT framework....
