data of six emerging inflation targeting economies (Turkey, Brazil, the Czech Republic, Chile, Poland, and South Africa …

mid-1990s. Brazil's experience of designing and managing institutions to this end is likely to be of interest to other … emerging and low- or middle income economies. In Brazil institutional reforms were predominantly made in response to a … attention from economists as in Brazil. The consequent accumulation of theoretical and practical knowledge resulted in a wealth …

inflation target and its exposure to political pressures. We apply our methodology to Brazil as well to highlight its advantages …