Mendonca, Helder Ferreira de; Pires, Manoel Carlos de Castro - In: Applied Economics Letters 14 (2007) 7, pp. 483-487
The argument that capital account liberalization attenuates the time inconsistence problem in the conduction of monetary policy and thus, could improve the control of inflation, was tested for Brazil, in the short run, for different exchange rate regimes. The findings denote that a decrease in...