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 da Silva e, Ellery Jr,Roberto
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402013000400007
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 2001-2012Taylor RuleInflation Rate in the Short RunMonetary PolicyInflation TargetingThis 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.Fundação Getúlio Vargas2013-12-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402013000400007Revista Brasileira de Economia v.67 n.4 2013reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGV10.1590/S0034-71402013000400007info:eu-repo/semantics/openAccessMoreira,Tito Belchior SilvaSouza,Geraldo da Silva eEllery Jr,Robertoeng2013-11-26T00:00:00Zoai:scielo:S0034-71402013000400007Revistahttp://bibliotecadigital.fgv.br/ojs/index.php/rbe/issue/archivehttps://old.scielo.br/oai/scielo-oai.php||rbe@fgv.br1806-91340034-7140opendoar:2013-11-26T00:00Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)false
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
Taylor Rule
Inflation Rate in the Short Run
Monetary Policy
Inflation Targeting
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 da Silva e
Ellery Jr,Roberto
author_role author
author2 Souza,Geraldo da Silva e
Ellery Jr,Roberto
author2_role author
author
dc.contributor.author.fl_str_mv Moreira,Tito Belchior Silva
Souza,Geraldo da Silva e
Ellery Jr,Roberto
dc.subject.por.fl_str_mv Taylor Rule
Inflation Rate in the Short Run
Monetary Policy
Inflation Targeting
topic Taylor Rule
Inflation Rate in the Short Run
Monetary Policy
Inflation Targeting
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 2013-12-01
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=S0034-71402013000400007
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402013000400007
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0034-71402013000400007
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 Fundação Getúlio Vargas
publisher.none.fl_str_mv Fundação Getúlio Vargas
dc.source.none.fl_str_mv Revista Brasileira de Economia v.67 n.4 2013
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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