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Measuring the credibility of the inflation targeting in Brazil

Author

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  • Helder Ferreira de Mendonça

Abstract

The aim of this paper is to apply two indexes for measuring the credibility of the inflation targeting in Brazil and to analyze their outcomes. The findings denote that the framework adopted for this monetary regime in Brazil is not adequate for building credibility. JEL Classification: E31; E52.

Suggested Citation

  • Helder Ferreira de Mendonça, 2004. "Measuring the credibility of the inflation targeting in Brazil," Brazilian Journal of Political Economy, Center of Political Economy, vol. 24(3), pages 346-353.
    • Handle: RePEc:ekm:repojs:v:24:y:2004:i:3:p:346-353:id:751
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/751/2063
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    More about this item

    Keywords

    Credibility; inflation targets; inflation expectation;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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