Inflation Targeting in Brazil

Levy Economics Institute Working Paper

Posted: 1 Oct 2008

See all articles by Philip Arestis

Philip Arestis

University of Cambridge - Department of Land Economy; Universidad del País Vasco (UPV/EHU)

Luiz-Fernando de Paula

affiliation not provided to SSRN

Fernando Ferrari Filho

Universidade Federal do Rio Grande do Sul (UFRGS)

Date Written: September 30, 2008

Abstract

The purpose of this paper is to examine inflation targeting (IT) in emerging countries by concentrating essentially on the case of Brazil. The IT monetary policy regime has been adopted by a significant number of countries. While the focus of this paper is on Brazil, which began inflation targeting in 1999, we also examine the experience of other countries, both for comparative purposes and for evidence of the extent of this "new" economic policy's success. In addition, we compare the experience of Brazil with that of non-IT countries, and ask the question of whether adopting IT makes a difference in the fight against inflation.

Keywords: Monetary Policy, Inflation Targeting, Brazil, Emerging Economies

JEL Classification: E31, E52

Suggested Citation

Arestis, Philip and de Paula, Luiz Fernando and Ferrari Filho, Fernando, Inflation Targeting in Brazil (September 30, 2008). Levy Economics Institute Working Paper. Available at SSRN: https://ssrn.com/abstract=1275906

Philip Arestis (Contact Author)

University of Cambridge - Department of Land Economy ( email )

19 Silver Street
Cambridge, CB3 9EP
United Kingdom

Universidad del País Vasco (UPV/EHU)

Barrio Sarriena s/n
Leioa, Bizkaia 48940
Spain

Luiz Fernando De Paula

affiliation not provided to SSRN ( email )

Fernando Ferrari Filho

Universidade Federal do Rio Grande do Sul (UFRGS) ( email )

Av. Carlos Gomes 1111
Porto Alegre, Rio Grande do Sul 90480-004
Brazil

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
555
PlumX Metrics