Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is … discarded. Therefore, we propose a new type of core inflation measure, one that takes simultaneously into account both …

inflation targeting, this account suggests that the high exchange rate volatility in Brazil may be related to the monetary …This paper investigates the relationship between interest rate and volatility of real effective exchange rate in Brazil … and interest rate (Selic and Selic discounted the inflation calculated by IPCA) are independent. Under the regime of …

-integration analysis to estimate simultaneously a monetary reaction function and the determinants of expected inflation for Brazil, Chile … examination, and ii) greater volatility in the monetary stance leads to higher volatility in expected inflation in Brazil …The current monetary policy framework in several Latin American countries, combining inflation targeting and a floating …