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Inflation targeting in Brazil: lessons and challenges

In: Monetary policy in a changing environment

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Author Info
André Minella (Central Bank of Brazil)
Paulo Springer de Freitas (Central Bank of Brazil)
Ilan Goldfajn (Central Bank of Brazil)
Marcelo Kfoury Muinhos (Central Bank of Brazil)

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This chapter was published in: Bank for International Settlements (ed.) Monetary policy in a changing environment, , pages 106-133, 2003.

This item is provided by Bank for International Settlements in its series BIS Papers chapters with number 19-04.

Handle: RePEc:bis:bisbpc:19-04

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Related research
This chapter was published in the following book, which is listed on IDEAS:
Bank for International Settlements, 2003. "Monetary policy in a changing environment," BIS Papers, Bank for International Settlements, number 19, 11. [Downloadable!]
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Richard Clarida & Jordi Gali & Mark Gertler, 1999. "The Science of Monetary Policy: A New Keynesian Perspective," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1661-1707, December. [Downloadable!] (restricted)
    Other versions:
  2. Guillermo A. Calvo & Carmen M. Reinhart, 2002. "Fear Of Floating," The Quarterly Journal of Economics, MIT Press, vol. 117(2), pages 379-408, May. [Downloadable!] (restricted)
    Other versions:
  3. Clarida, Richard & Gali, Jordi & Gertler, Mark, 1998. "Monetary policy rules in practice Some international evidence," European Economic Review, Elsevier, vol. 42(6), pages 1033-1067, June. [Downloadable!] (restricted)
    Other versions:
  4. Victorio Y. T. Chu & Márcio I. Nakane, 2001. "Credit Channel without the LM Curve," Working Papers Series 20, Central Bank of Brazil, Research Department. [Downloadable!]
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Arminio Fraga & Ilan Goldfajn & Andre Minella, 2003. "Inflation Targeting in Emerging Market Economies," NBER Working Papers 10019, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Paulo Chananeco F. de Barcellos Neto & Marcelo Savino Portugal, 2006. "The Natural Rate Of Interest In Brazil Between 1999 And 2005," Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting] 84, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
  3. Sergio A. L. Alves & Waldyr D. Areosa, 2005. "Targets and Inflation Dynamics," Working Papers Series 100, Central Bank of Brazil, Research Department. [Downloadable!]
  4. Neri, Marcelo Cortes & Xerez, Marcelo Casal de, 2004. "Desenho de um sistema de metas sociais," Economics Working Papers (Ensaios Economicos da EPGE) 565, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  5. Ziesemer,Thomas, 2005. "How to cure the trade balance? Reducing budget deficits versus devaluations in the presence of J- and W-curves for Brazil," Research Memoranda 018, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
  6. Neri, Marcelo Cortes & Xerez, Marcelo Casal de, 2003. "Desenho de um sistema de metas sociais," Economics Working Papers (Ensaios Economicos da EPGE) 519, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  7. Cleomar Gomes & Márcio Holland, 2003. "Regra de Taylor e Política Monetária em Condições de Endividamento Público no Brasil," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31th Brazilian Economics Meeting] b44, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
    Other versions:
  8. Dubravko Mihaljek & Bruno Tissot, 2003. "Fiscal positions in emerging econimies: central banks' perspective," BIS Papers chapters, in: Bank for International Settlements (ed.), Fiscal issues and central banking in emerging economies, volume 20, pages 10-37 Bank for International Settlements. [Downloadable!]
  9. Rebeca de la Rocque Palis & Roberto Luis Olinto Ramos & Patrice Robitaille, 2004. "News or noise? an analysis of Brazilian GDP announcements," International Finance Discussion Papers 776, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  10. Buchmann, Gabriel & Neri, Marcelo Cortes, 2008. "The Brazilian Education Quality Index (Ideb): Measurement and Incentives Upgrades," Economics Working Papers (Ensaios Economicos da EPGE) 686, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  11. Francisco Eduardo Pires de Souza & Cecília Rutkoski Hoff, 2003. "O Regime Cambial Brasileiro: Flutuação Genuína ou Medo de Flutuação?," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31th Brazilian Economics Meeting] c60, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
  12. Mirta Noemi Sataka Bugarin & Marcelo Kfoury Muinhos & Jose Ricardo da Costa e Silva & Maria da Glória D. Silva Araújo, 2005. "The Effect of Adverse Oil Price Shocks on Monetary Policy and Output Using a Dynamic Small Open Economy General Equilibrium Model With Staggered Price for Brazil," Working Papers Central Bank of Chile 348, Central Bank of Chile. [Downloadable!]
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