A Post Keynesian Proposal for a Flexible Institutional Arrangement of Inflation Targeting Regime in Emerging Economies
AbstractThe paper aims at discussing whether inflation target regime (ITR) is compatible with Post Keynesian Approach (and in what conditions it can be), and mainly defining an institutional arrangement of ITR more appropriate for emerging economies with long-term history of high inflation. In this sense the paper held that ITR can be compatible with Post Keynesian approach if a flexible institutional arrangement is adopted. In particular, a flexible ITR arrangement can be required for emerging economies that had recent high inflation history in order to conciliate the objectives of price stabilization and sustainable economic growth.
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Bibliographic InfoPaper provided by Departamento de Economia da Universidade de Brasilia in its series Working papers - Textos para Discussao do Departamento de Economia da Universidade de Brasilia with number 336.
Length: 36 pages
Date of creation: Nov 2010
Date of revision:
Contact details of provider:
Postal: Universidade de Brasília UnB - Campus Universitário Darcy Ribeiro Asa Norte CEP 70910-900, Brasília, Brasil
Fax: (61) 340-2311
Web page: http://e-groups.unb.br/face/eco/
More information through EDIRC
Inflation Targeting; Post Keynesian Economics; Emerging Economies;
Find related papers by JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
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