Liquidez e "zeragem automática": nota final

Authors

  • Valdir Ramalho

DOI:

https://doi.org/10.11606/1980-53572739vr

Keywords:

monetary policy, operating procedures, brazilian economy

Abstract

This final note in the debate on "automatic clearing" and Brazil's monetary policy during
the quasi-hyperinflationary years argues that: (i) the operating procedure based on a short-run interest rate, the "automatic clearing" device, and the exchange rate policy did very little to render passive the monetary policy; (ii) the major factors responsible for passivity were the high public deficit in nominal terms as well as the high public debt.

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Published

01-09-1997

Issue

Vol. 27 No. 3 (1997)

Section

Não definida

License

Copyright (c) 1997 Valdir Ramalho

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

By submitting an article, the author authorizes its publication and attests that it has not been submitted to any other journal. The original article is considered final. Articles selected for publication are proofread for grammatical and orthographic errors. The journal does not pay rights for published articles. The Institute of Economic Research from the School of Economics, Business and Accounting of the University of São Paulo (Instituto de Pesquisas Econômicas da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo) owns the journal's copyright.

How to Cite

Ramalho, V. (1997). Liquidez e "zeragem automática": nota final. Estudos Econômicos (São Paulo), 27(3), 531-534. https://doi.org/10.11606/1980-53572739vr