Financial conventions and basic interest rate in Brazil: a first approach

 This article discusses the thesis that the Brazilian interest rate is a convention, focusing on the basic interest rate under the inflation targeting regime. On the one hand, there are some complications involved in this debate. In order to show this, we consider the theoretical works that...

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Detalles Bibliográficos
Autores: Seabra, Luciana, Dequech, David
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2013
País:Brasil
Institución:EDITORA 34
Repositorio:Revista de Economia Política
Idioma:portugués
OAI Identifier:oai:ojs2.centrodeeconomiapolitica.org:article/330
Acceso en línea:https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/330
Access Level:acceso abierto
Palabra clave:convenções
Keynes
taxa de juros
metas de inflação
conventions
interest rate
inflation targets
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spelling Financial conventions and basic interest rate in Brazil: a first approachConvenções financeiras e a taxa básica de juros no Brasil: uma primeira abordagemconvençõesKeynestaxa de jurosmetas de inflaçãoconventionsKeynesinterest rateinflation targets This article discusses the thesis that the Brazilian interest rate is a convention, focusing on the basic interest rate under the inflation targeting regime. On the one hand, there are some complications involved in this debate. In order to show this, we consider the theoretical works that have been references for the Brazilian economists who see an interest rate convention in the country. On the other hand, despite the difficulties, it is possible to find signs of conventionality in the determination of the Brazilian basic rate, by analyzing two properties of conventions: conformity of some with the conformity of others; and arbitrariness. JEL Classification: B52; E43; E58.Este artigo discute a tese de que a taxa de juros brasileira é uma convenção, com foco na taxa básica de juros no regime de metas de inflação. Por um lado, existem algumas complicações envolvidas neste debate. Para mostrar isso, consideramos os trabalhos teóricos que têm sido referência para os economistas brasileiros que veem uma convenção de taxa de juros no país. Por outro lado, apesar das dificuldades, é possível encontrar sinais de convencionalidade na determinação da taxa básica brasileira, analisando duas propriedades das convenções: conformidade de algumas com a conformidade de outras; e arbitrariedade. Classificação JEL: B52; E43; E58.Center of Political Economy2013-10-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/330Brazilian Journal of Political Economy; Vol. 33 No. 4 (2013): Oct-Dec / 2013; 599-618Brazilian Journal of Political Economy; v. 33 n. 4 (2013): Out-Dez / 2013; 599-6181809-45380101-3157reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_34porhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/330/322info:eu-repo/semantics/openAccessSeabra, LucianaDequech, David2020-10-07T18:32:37Zoai:ojs2.centrodeeconomiapolitica.org:article/330Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2020-10-07T18:32:37Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Financial conventions and basic interest rate in Brazil: a first approach
Convenções financeiras e a taxa básica de juros no Brasil: uma primeira abordagem
title Financial conventions and basic interest rate in Brazil: a first approach
spellingShingle Financial conventions and basic interest rate in Brazil: a first approach
Seabra, Luciana
convenções
Keynes
taxa de juros
metas de inflação
conventions
Keynes
interest rate
inflation targets
title_short Financial conventions and basic interest rate in Brazil: a first approach
title_full Financial conventions and basic interest rate in Brazil: a first approach
title_fullStr Financial conventions and basic interest rate in Brazil: a first approach
title_full_unstemmed Financial conventions and basic interest rate in Brazil: a first approach
title_sort Financial conventions and basic interest rate in Brazil: a first approach
dc.creator.none.fl_str_mv Seabra, Luciana
Dequech, David
author Seabra, Luciana
author_facet Seabra, Luciana
Dequech, David
author_role author
author2 Dequech, David
author2_role author
dc.subject.por.fl_str_mv convenções
Keynes
taxa de juros
metas de inflação
conventions
Keynes
interest rate
inflation targets
topic convenções
Keynes
taxa de juros
metas de inflação
conventions
Keynes
interest rate
inflation targets
description  This article discusses the thesis that the Brazilian interest rate is a convention, focusing on the basic interest rate under the inflation targeting regime. On the one hand, there are some complications involved in this debate. In order to show this, we consider the theoretical works that have been references for the Brazilian economists who see an interest rate convention in the country. On the other hand, despite the difficulties, it is possible to find signs of conventionality in the determination of the Brazilian basic rate, by analyzing two properties of conventions: conformity of some with the conformity of others; and arbitrariness. JEL Classification: B52; E43; E58.
publishDate 2013
dc.date.none.fl_str_mv 2013-10-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/330
url https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/330
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/330/322
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Center of Political Economy
publisher.none.fl_str_mv Center of Political Economy
dc.source.none.fl_str_mv Brazilian Journal of Political Economy; Vol. 33 No. 4 (2013): Oct-Dec / 2013; 599-618
Brazilian Journal of Political Economy; v. 33 n. 4 (2013): Out-Dez / 2013; 599-618
1809-4538
0101-3157
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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score 15,301603

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