A contribution to the debate on the efficacy of monetary policy and some implications in the case of Brazil. The main … reasoning, inflation target monetary policy regimes are criticized, in particular the one adopted in post-1999 balance of … payments crisis Brazil because of its deleterious impact on investment and growth. (Rev Econ Polit/GIGA) …

This study investigates inflation persistence in annual CPI inflation collected between 1994 and 2014 for 46 African … countries. We group these countries into panels according to whether they are inflation targeters or not and conduct estimations … for pre and post inflation targeting periods. Interestingly enough, we find that inflation persistence was much higher for …