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Scheme To Inflation Targets In Brazil And The New Classical School: A Critical Post-Keynesian

Author

Listed:
  • Raphael Calil de Souza

    (Universidade Presbiteriana Mackenzie (UPM))

  • José Caio Racy

    (Universidade Presbiteriana Mackenzie (UPM).)

Abstract

This paper aims to identify and describe the new-classics, which area considered to be the creators of the inflation targeting model and to criticize its adoption in Brazil through a post keynesian augmentation. The analysis will be specific for the Brazilian Model starting at its implementation on 1999, with more focus on President Fernando Henrique Cardoso’s government. The matters of independency versus autonomy of the Country’s central Bank, a theoretical discussion regarding the execution of the monetary policy and its relationship with the success of the proposed plan and an overview of the post keynesian scholars and its ideas regarding monetary policies will be discussed as it follows.

Suggested Citation

  • Raphael Calil de Souza & José Caio Racy, 2013. "Scheme To Inflation Targets In Brazil And The New Classical School: A Critical Post-Keynesian," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 11(1), pages 111-153, January-A.
    • Handle: RePEc:aft:journl:v:11:2:may:aug:2013:p:111-153
    DOI: -
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