Uncertainties, monetary policy and financial stability: challenges on inflation targeting

Detalhes bibliográficos
Autor(a) principal: Montes,Gabriel Caldas
Data de Publicação: 2010
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572010000100006
Resumo: This work aims at presenting the challenges that inflation targeting central banks may face since uncertainties represent a harmful element for the effectiveness of monetary policy, and since financial instabilities may disturb the transmission mechanisms - in particular, the expectation channel - and thus the economic stability. Financial stability must not be considered as a simple goal of monetary policy, but a precondition for central banks operate their policies and reach the goals of inflation and output stability. The work identifies different sources of uncertainties that surround central banks' decisions; and approaches the role that inflation targeting central banks should play according to some basic principles that can serve as useful guides for central banks to help them achieve successful outcomes in their conduct of monetary policy.
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spelling Uncertainties, monetary policy and financial stability: challenges on inflation targetinguncertaintiesinflation targetingmonetary policyfinancial stabilityThis work aims at presenting the challenges that inflation targeting central banks may face since uncertainties represent a harmful element for the effectiveness of monetary policy, and since financial instabilities may disturb the transmission mechanisms - in particular, the expectation channel - and thus the economic stability. Financial stability must not be considered as a simple goal of monetary policy, but a precondition for central banks operate their policies and reach the goals of inflation and output stability. The work identifies different sources of uncertainties that surround central banks' decisions; and approaches the role that inflation targeting central banks should play according to some basic principles that can serve as useful guides for central banks to help them achieve successful outcomes in their conduct of monetary policy.Centro de Economia Política2010-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572010000100006Brazilian Journal of Political Economy v.30 n.1 2010reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/S0101-31572010000100006info:eu-repo/semantics/openAccessMontes,Gabriel Caldaspor2010-05-28T00:00:00Zoai:scielo:S0101-31572010000100006Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2010-05-28T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Uncertainties, monetary policy and financial stability: challenges on inflation targeting
title Uncertainties, monetary policy and financial stability: challenges on inflation targeting
spellingShingle Uncertainties, monetary policy and financial stability: challenges on inflation targeting
Montes,Gabriel Caldas
uncertainties
inflation targeting
monetary policy
financial stability
title_short Uncertainties, monetary policy and financial stability: challenges on inflation targeting
title_full Uncertainties, monetary policy and financial stability: challenges on inflation targeting
title_fullStr Uncertainties, monetary policy and financial stability: challenges on inflation targeting
title_full_unstemmed Uncertainties, monetary policy and financial stability: challenges on inflation targeting
title_sort Uncertainties, monetary policy and financial stability: challenges on inflation targeting
author Montes,Gabriel Caldas
author_facet Montes,Gabriel Caldas
author_role author
dc.contributor.author.fl_str_mv Montes,Gabriel Caldas
dc.subject.por.fl_str_mv uncertainties
inflation targeting
monetary policy
financial stability
topic uncertainties
inflation targeting
monetary policy
financial stability
description This work aims at presenting the challenges that inflation targeting central banks may face since uncertainties represent a harmful element for the effectiveness of monetary policy, and since financial instabilities may disturb the transmission mechanisms - in particular, the expectation channel - and thus the economic stability. Financial stability must not be considered as a simple goal of monetary policy, but a precondition for central banks operate their policies and reach the goals of inflation and output stability. The work identifies different sources of uncertainties that surround central banks' decisions; and approaches the role that inflation targeting central banks should play according to some basic principles that can serve as useful guides for central banks to help them achieve successful outcomes in their conduct of monetary policy.
publishDate 2010
dc.date.none.fl_str_mv 2010-03-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572010000100006
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572010000100006
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv 10.1590/S0101-31572010000100006
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.30 n.1 2010
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
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reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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