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Inflation targeting, debt, and the Brazilian experience, 1999 to 2003

Giavazzi, Francesco (ed.); Goldfajn, Ilan (contributor); … - 2005

Persistent link: https://www.econbiz.de/10002198238

En utvärdering av den Svenska penningpolitiken 1995 - 2005

Giavazzi, Francesco; Mishkin, Frederic S. - 2006

Persistent link: https://www.econbiz.de/10003419090

Inflation Targeting and the Fiscal Policy Regime : The Experience in Brazil

Giavazzi, Francesco - 2005

This article reviews the recent experience of Brazil showing that credit risk is at the centre of the mechanism through which a central bank might lose control of inflation. Brazil during 2002 came close to a situation where fiscal policy hindered the effectiveness of monetary policy. But in...

Persistent link: https://www.econbiz.de/10014065498

Inflation targeting and debt : Lessons from Brazil

Favero, Carlo A.; Giavazzi, Francesco - 2004

"Studying the recent experience of Brazil the paper explains how default risk is at the centre of the mechanism through which an emerging market central bank that targets inflation might lose control of inflation--in other words of the mechanism through which the economy might move from a regime...

Persistent link: https://www.econbiz.de/10013424412

Central banks and the financial system

Giavazzi, Francesco; Giovannini, Alberto - 2010

"Financial systems are inherently fragile because of the very function which makes them valuable: liquidity … transformation. Regulatory reforms can strengthen the financial system and decrease the risk of liquidity crises, but they cannot … between monetary policy and liquidity transformation 'optimal' monetary policy would consist of a modified Taylor rule in …

Persistent link: https://www.econbiz.de/10003995041