Uncertainties, monetary policy and financial stability: challenges on inflation targeting
Autor(a) principal: | |
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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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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 |
format |
article |
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 |
instname_str |
EDITORA 34 |
instacron_str |
EDITORA_34 |
institution |
EDITORA_34 |
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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1754122480742563840 |