An Evaluation of the tolerant to higher inflation rate in the short run by the Brazilian Central Bank in the period 2001-2012

Detalhes bibliográficos
Autor(a) principal: Moreira, Tito Belchior Silva
Data de Publicação: 2013
Outros Autores: Souza, Geraldo Silva, Ellery, Roberto
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: https://periodicos.fgv.br/rbe/article/view/11443
Resumo: This article investigates the degree of tolerance to higher inflation rates in the short run by the presidents of the Brazilian Central Bank in the period 2001-2012. We used monthly data and various specifications and estimates of the Taylor rule via GMM. In general, the results show the following empirical evidences: i) the mandate of Henrique Meirelles was less tolerant to higher inflation rates when comparing with the mandate of Armínio Fraga and ii) the Alexandre Tombini’s administration is more tolerant to higher inflation rate in the short run than Armínio Fraga’s.
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spelling An Evaluation of the tolerant to higher inflation rate in the short run by the Brazilian Central Bank in the period 2001-2012regra de Taylortaxa de inflação de curto prazopolítica monetáriametas inflacionárias.This article investigates the degree of tolerance to higher inflation rates in the short run by the presidents of the Brazilian Central Bank in the period 2001-2012. We used monthly data and various specifications and estimates of the Taylor rule via GMM. In general, the results show the following empirical evidences: i) the mandate of Henrique Meirelles was less tolerant to higher inflation rates when comparing with the mandate of Armínio Fraga and ii) the Alexandre Tombini’s administration is more tolerant to higher inflation rate in the short run than Armínio Fraga’s.EGV EPGE2013-11-29info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArticlesArtigosapplication/pdfhttps://periodicos.fgv.br/rbe/article/view/11443Revista Brasileira de Economia; Vol. 67 No. 4 (2013): Out-Dez; 485-500Revista Brasileira de Economia; v. 67 n. 4 (2013): Out-Dez; 485-5001806-91340034-7140reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGVporhttps://periodicos.fgv.br/rbe/article/view/11443/12456Moreira, Tito Belchior SilvaSouza, Geraldo SilvaEllery, Robertoinfo:eu-repo/semantics/openAccess2016-12-16T12:24:35Zoai:ojs.periodicos.fgv.br:article/11443Revistahttps://periodicos.fgv.br/rbe/https://periodicos.fgv.br/rbe/oai||rbe@fgv.br1806-91340034-7140opendoar:2024-03-06T13:03:39.466369Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)true
dc.title.none.fl_str_mv An Evaluation of the tolerant to higher inflation rate in the short run by the Brazilian Central Bank in the period 2001-2012
title An Evaluation of the tolerant to higher inflation rate in the short run by the Brazilian Central Bank in the period 2001-2012
spellingShingle An Evaluation of the tolerant to higher inflation rate in the short run by the Brazilian Central Bank in the period 2001-2012
Moreira, Tito Belchior Silva
regra de Taylor
taxa de inflação de curto prazo
política monetária
metas inflacionárias.
title_short An Evaluation of the tolerant to higher inflation rate in the short run by the Brazilian Central Bank in the period 2001-2012
title_full An Evaluation of the tolerant to higher inflation rate in the short run by the Brazilian Central Bank in the period 2001-2012
title_fullStr An Evaluation of the tolerant to higher inflation rate in the short run by the Brazilian Central Bank in the period 2001-2012
title_full_unstemmed An Evaluation of the tolerant to higher inflation rate in the short run by the Brazilian Central Bank in the period 2001-2012
title_sort An Evaluation of the tolerant to higher inflation rate in the short run by the Brazilian Central Bank in the period 2001-2012
author Moreira, Tito Belchior Silva
author_facet Moreira, Tito Belchior Silva
Souza, Geraldo Silva
Ellery, Roberto
author_role author
author2 Souza, Geraldo Silva
Ellery, Roberto
author2_role author
author
dc.contributor.author.fl_str_mv Moreira, Tito Belchior Silva
Souza, Geraldo Silva
Ellery, Roberto
dc.subject.por.fl_str_mv regra de Taylor
taxa de inflação de curto prazo
política monetária
metas inflacionárias.
topic regra de Taylor
taxa de inflação de curto prazo
política monetária
metas inflacionárias.
description This article investigates the degree of tolerance to higher inflation rates in the short run by the presidents of the Brazilian Central Bank in the period 2001-2012. We used monthly data and various specifications and estimates of the Taylor rule via GMM. In general, the results show the following empirical evidences: i) the mandate of Henrique Meirelles was less tolerant to higher inflation rates when comparing with the mandate of Armínio Fraga and ii) the Alexandre Tombini’s administration is more tolerant to higher inflation rate in the short run than Armínio Fraga’s.
publishDate 2013
dc.date.none.fl_str_mv 2013-11-29
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articles
Artigos
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/rbe/article/view/11443
url https://periodicos.fgv.br/rbe/article/view/11443
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://periodicos.fgv.br/rbe/article/view/11443/12456
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv EGV EPGE
publisher.none.fl_str_mv EGV EPGE
dc.source.none.fl_str_mv Revista Brasileira de Economia; Vol. 67 No. 4 (2013): Out-Dez; 485-500
Revista Brasileira de Economia; v. 67 n. 4 (2013): Out-Dez; 485-500
1806-9134
0034-7140
reponame:Revista Brasileira de Economia (Online)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Revista Brasileira de Economia (Online)
collection Revista Brasileira de Economia (Online)
repository.name.fl_str_mv Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||rbe@fgv.br
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