Nogueira, Reginaldo Pinto; Shikida, Claudio Djissey; … - In: Economics Bulletin 31 (2011) 2, pp. 1748-1756
Following a dramatic breakdown of a managed floating regime, Brazil adopted a framework for policy consisting of inflation targeting and floating exchange rates. The country's commitment to this arrangement, however, is often put to dispute. In this paper we revisit the issue of whether Brazil...