Inflation targeting in an open financially integrated emerging economy: the case of Brazil
This paper conducts simulations of the augmented Taylor rule (with an added exchange rate term). It has also been made to analyze the response from external shocks in a simple Inflation Targeting model with trade balance equations. In contrast to Ball (2000), when the exchange rate is included in th...
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| Format: | Article |
| Language: | English |
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Universidade de São Paulo
2004-06-01
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| Series: | Estudos Econômicos |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612004000200002 |