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Inflation targets in perspective

Author

Listed:
  • Gabriel Caldas Montes

Abstract

Although target regime seeks to serve as a reference for the expectation formation process of the agents, its implementation does not necessarily imply the acquisition or the best result in terms of economic growth. The present article aims the development of a model that explains, by firms' investment decisions, the prodict path behavior, undertaking monetary authority may present distinct situations associated with the reputation-credibility-transparency trinomial. The article also detaches different kinds of reputation and its degrees. JEL Classification: E12; E22; E31; E58.

Suggested Citation

  • Gabriel Caldas Montes, 2008. "Inflation targets in perspective," Brazilian Journal of Political Economy, Center of Political Economy, vol. 28(4), pages 648-668.
    • Handle: RePEc:ekm:repojs:v:28:y:2008:i:4:p:648-668:id:547
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/547/545
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    More about this item

    Keywords

    reputation; transparency; inflation target; investment;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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