Lessons from the 20 years of the Brazilian inflation targeting regime

This paper analyzes the Brazilian experience with the inflation targeting regime (ITR) since its adoption in June 1999. The theoretical analysis starts by covering the New Consensus Macroeconomics (NCM) only policy, in which the ITR is the monetary policy recommendation. This discussion is...

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Bibliographic Details
Main Authors: Araújo Eliane, Arestis Philip
Format: Article
Language:English
Published: Economists' Association of Vojvodina 2019-01-01
Series:Panoeconomicus
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/1452-595X/2019/1452-595X1901001A.pdf