Inflation targeting and the sacrifice ratio

Detalhes bibliográficos
Autor(a) principal: Gonçalves,Carlos Eduardo S.
Data de Publicação: 2008
Outros Autores: Carvalho,Alexandre
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=S0034-71402008000200003
Resumo: In this paper we show that economies that adopted the inflation targeting (IT) regime have been able to "disinflate" less costly. The effect of IT on the sacrifice ratio is not only statistically significant, but also economically very important. This result is all the more interesting given the lack ofrobust empirical evidence in favor of IT. By significantly reducing the short-run costs of disinflation, IT may render the attainability of lower inflation levels politically more feasible.
id FGV-8_da85fca3516e067bf42f5feac409b19f
oai_identifier_str oai:scielo:S0034-71402008000200003
network_acronym_str FGV-8
network_name_str Revista Brasileira de Economia (Online)
repository_id_str
spelling Inflation targeting and the sacrifice ratioInflation TargetingSacrifice RatioIn this paper we show that economies that adopted the inflation targeting (IT) regime have been able to "disinflate" less costly. The effect of IT on the sacrifice ratio is not only statistically significant, but also economically very important. This result is all the more interesting given the lack ofrobust empirical evidence in favor of IT. By significantly reducing the short-run costs of disinflation, IT may render the attainability of lower inflation levels politically more feasible.Fundação Getúlio Vargas2008-06-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402008000200003Revista Brasileira de Economia v.62 n.2 2008reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGV10.1590/S0034-71402008000200003info:eu-repo/semantics/openAccessGonçalves,Carlos Eduardo S.Carvalho,Alexandreeng2008-11-18T00:00:00Zoai:scielo:S0034-71402008000200003Revistahttp://bibliotecadigital.fgv.br/ojs/index.php/rbe/issue/archivehttps://old.scielo.br/oai/scielo-oai.php||rbe@fgv.br1806-91340034-7140opendoar:2008-11-18T00:00Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)false
dc.title.none.fl_str_mv Inflation targeting and the sacrifice ratio
title Inflation targeting and the sacrifice ratio
spellingShingle Inflation targeting and the sacrifice ratio
Gonçalves,Carlos Eduardo S.
Inflation Targeting
Sacrifice Ratio
title_short Inflation targeting and the sacrifice ratio
title_full Inflation targeting and the sacrifice ratio
title_fullStr Inflation targeting and the sacrifice ratio
title_full_unstemmed Inflation targeting and the sacrifice ratio
title_sort Inflation targeting and the sacrifice ratio
author Gonçalves,Carlos Eduardo S.
author_facet Gonçalves,Carlos Eduardo S.
Carvalho,Alexandre
author_role author
author2 Carvalho,Alexandre
author2_role author
dc.contributor.author.fl_str_mv Gonçalves,Carlos Eduardo S.
Carvalho,Alexandre
dc.subject.por.fl_str_mv Inflation Targeting
Sacrifice Ratio
topic Inflation Targeting
Sacrifice Ratio
description In this paper we show that economies that adopted the inflation targeting (IT) regime have been able to "disinflate" less costly. The effect of IT on the sacrifice ratio is not only statistically significant, but also economically very important. This result is all the more interesting given the lack ofrobust empirical evidence in favor of IT. By significantly reducing the short-run costs of disinflation, IT may render the attainability of lower inflation levels politically more feasible.
publishDate 2008
dc.date.none.fl_str_mv 2008-06-01
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=S0034-71402008000200003
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402008000200003
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0034-71402008000200003
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.62 n.2 2008
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
_version_ 1754115905129807872

Registros relacionados