Lobo, Breno Santana; Oreiro, José Luis - Departamento de Economia, Faculdade de Economia, … - 2011
The aim of this paper is to analyze the effects of adopting an inflation targeting regime, in which central banks set the short-term interest rate as a response to deviations of inflation from its target and of output from its potential, over economic growth. To this end, we build a non-linear...