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New macroeconomic consensus and inflation targeting: Monetary Policy Committee directors’ turnover in Brazil
Ambrosio Dias, Maria Helena; Teixeira, Anderson Mutter; … - In: EconomiA 14 (2013) 3-4, pp. 158-170
The main objective of this paper is to estimate a Central Bank reaction function that accounts for the effects of directors’ rotation of the Brazilian COPOM (Monetary Policy Committee). The reaction function proposed is assumed to be the mechanism for inflation targeting policy. It accounts...
Persistent link: https://www.econbiz.de/10011858394
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New macroeconomic consensus and inflation targeting : Monetary Policy Committee directors' turnover in Brazil
Dias, Maria Helena Ambrosio; Teixeira, Anderson Mutter; … - In: Economia : revista da ANPEC 14 (2013) 3/4, pp. 158-170
The main objective of this paper is to estimate a Central Bank reaction function that accounts for the effects of directors' rotation of the Brazilian COPOM (Monetary Policy Committee). The reaction function proposed is assumed to be the mechanism for inflation targeting policy. It accounts for...
Persistent link: https://www.econbiz.de/10011864874
Cover Image
New macroeconomic consensus and inflation targeting: Monetary Policy Committee directors’ turnover in Brazil
Dias, Maria Helena Ambrosio; Teixeira, Anderson Mutter; … - In: Economia 14 (2013) 3–4, pp. 158-170
The main objective of this paper is to estimate a Central Bank reaction function that accounts for the effects of directors’ rotation of the Brazilian COPOM (Monetary Policy Committee). The reaction function proposed is assumed to be the mechanism for inflation targeting policy. It accounts...
Persistent link: https://www.econbiz.de/10010885097