Metas de inflação e mecanismos de transmissão de política monetária: o caso brasileiro

This paper aims to corroborate the causal relations among the most important explanatory variables that eventually will determine the inflation rate, given the new framework ofInflation Target recently adopted by the Brazilian Central Bank. It seeks a rationale for the apparently slow velocity in th...

Descripción completa

Detalles Bibliográficos
Autor: Gonçalves, Carlos Eduardo Soares
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2001
País:Brasil
Institución:Universidade de São Paulo (USP)
Repositorio:Economia Aplicada
Idioma:portugués
OAI Identifier:oai:revistas.usp.br:article/218837
Acceso en línea:https://www.revistas.usp.br/ecoa/article/view/218837
Access Level:acceso abierto
Palabra clave:inflation targeting
transmission mechanism
interest rates
Descripción
Sumario:This paper aims to corroborate the causal relations among the most important explanatory variables that eventually will determine the inflation rate, given the new framework ofInflation Target recently adopted by the Brazilian Central Bank. It seeks a rationale for the apparently slow velocity in the downward movement of the prime interest rates controlled by the central bank.