O aperfeiçoamento do regime de metas de debate inflação no Brasil
DOI:
https://doi.org/10.1590/S1413-80502006000300008Keywords:
monetary policy, inflation target, stabilizationAbstract
The paper proposes a formal autonomy of Central Bank (CB) in 2011, with a stable inflation target, in a context where: a) the monetary authorities wide their horizon of reference to 24 months ahead; b) the Law of Autonomy of CB make explicit the aims of stimulating the increase of GDP and employment and reducing the volatility of production; c) the CB has huge reserves in order to inhibit eventual speculative attacks; d) the National Monetary Council (CMN) incorporates a higher number of Ministers; and e) the Monetary Policy Committee (COPOM) includes external members. These elements would place Brazil within the group of countries with the best practices in inflation targeting, with a band from 2% to 4%, like in Chile.Downloads
Download data is not yet available.
Downloads
Published
2006-09-01
Issue
Section
Debate
How to Cite
Giambiagi, F., Mathias, A., & Velho, E. (2006). O aperfeiçoamento do regime de metas de debate inflação no Brasil. Economia Aplicada, 10(3), 443-475. https://doi.org/10.1590/S1413-80502006000300008