Inflation Targeting in Brazil
Levy Economics Institute Working Paper
Posted: 1 Oct 2008
Date Written: September 30, 2008
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: Suggested Citation