procyclical and asymmetrical in Brazil under inflation targeting. The main economic policy implication of this study is that …This paper analyzes the relation between monetary policy and economic performance in Brazil during the period 1999 …-2006. In particular, it discusses the growth effects of the inflation targeting regime through its effects on aggregate demand …

This paper tackles the monetary policy performance in Brazil, Chile and South Africa under inflation targeting … changes due to the adoption of inflation targeting regime in those countries. The main findings are as follows: inflation … targeting does make a difference in the performance of monetary policy in those countries. Furthermore, the experience of Brazil …

This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … evidence to show that the support for a successful Inflation Targeting policy is very weak or non-existent. We use various … the process by which inflation targeting is hypothesised to influence inflation and growth, Section 3 surveys this …

with inflation targeting, characterized by relocation shocks for young agents, which in turn generates a role for money … productive in our model, a higher inflation-target would translate into higher growth, but under multiple equilibria, this is not …