IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Decisão de preços em economias monetárias e metas de inflação: a difícil conciliação entre crescimento e estabilidade de preços

Listed author(s):
  • Montes, Gabriel Caldas
  • Feijó, Carmem Aparecida

Inflation targeting and price-making in monetary economies: is it possible to conciliate growth with price stability? - Recently a number of countries have adopted explicit inflation targets as a guide for policy since a numerical target is attractive for anchoring inflation expectations. Monetary policy, under inflation targeting, is implemented grounded on handling only one instrument to control inflation ? the interest rate. Nevertheless, the perseverance on using this kind of rule brings negative consequences for the expectations about potential economic growth. Hence, the paper aims at making evident the process of price-making in market economies and discuss how the monetary policy, under inflation targeting, affects positively the process of inflation expectations formation, however with harmful consequences upon expectations regarding the output growth.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Article provided by Instituto de Economia, Universidade Estadual de Campinas (UNICAMP) in its journal Revista Economia e Sociedade.

Volume (Year): 38 (2009)
Issue (Month): (December)
Pages: 1-23

in new window

Handle: RePEc:euc:ancoec:v:38:y:2009:p:469-491
Contact details of provider: Postal:
Caixa Postal: 6135 - CEP 13083-970, Campinas - SP - Brasil

Phone: (019) 788-5726
Fax: (019) 289-1512
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:euc:ancoec:v:38:y:2009:p:469-491. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antonio Carlos Macedo e Silva)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.