Meta de inflação e contratos para bancos centrais

Detalhes bibliográficos
Autor(a) principal: Hillbrecht, Ronald
Data de Publicação: 1998
Tipo de documento: Artigo
Idioma: por
Título da fonte: Economia Aplicada
Texto Completo: https://www.revistas.usp.br/ecoa/article/view/217788
Resumo: Inflation targeting is a framework for monetary policy, that has recently been implemented in some developed nations. In this article, it is shown that one can interpret inflation targeting cum penalties as equivalent to the optimal linear contract. Moreover, the conditions for the successful implementation of inflation targeting are discussed, based on these countries' experience. A monetary reform based on inflation targeting may be an important step towards the consolidation of an economic stabilization plan.
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spelling Meta de inflação e contratos para bancos centraisinflation targetingrules vsdiscretionmonetary policyInflation targeting is a framework for monetary policy, that has recently been implemented in some developed nations. In this article, it is shown that one can interpret inflation targeting cum penalties as equivalent to the optimal linear contract. Moreover, the conditions for the successful implementation of inflation targeting are discussed, based on these countries' experience. A monetary reform based on inflation targeting may be an important step towards the consolidation of an economic stabilization plan.Universidade de São Paulo, FEA-RP/USP1998-08-20info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/21778810.11606/1413-8050/ea217788Economia Aplicada; Vol. 2 Núm. 4 (1998); 627-645Economia Aplicada; Vol. 2 No. 4 (1998); 627-645Economia Aplicada; v. 2 n. 4 (1998); 627-6451980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPporhttps://www.revistas.usp.br/ecoa/article/view/217788/199135Copyright (c) 1998 Economia Aplicadahttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessHillbrecht, Ronald 2023-10-26T18:06:14Zoai:revistas.usp.br:article/217788Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-10-26T18:06:14Economia Aplicada - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Meta de inflação e contratos para bancos centrais
title Meta de inflação e contratos para bancos centrais
spellingShingle Meta de inflação e contratos para bancos centrais
Hillbrecht, Ronald
inflation targeting
rules vs
discretion
monetary policy
title_short Meta de inflação e contratos para bancos centrais
title_full Meta de inflação e contratos para bancos centrais
title_fullStr Meta de inflação e contratos para bancos centrais
title_full_unstemmed Meta de inflação e contratos para bancos centrais
title_sort Meta de inflação e contratos para bancos centrais
author Hillbrecht, Ronald
author_facet Hillbrecht, Ronald
author_role author
dc.contributor.author.fl_str_mv Hillbrecht, Ronald
dc.subject.por.fl_str_mv inflation targeting
rules vs
discretion
monetary policy
topic inflation targeting
rules vs
discretion
monetary policy
description Inflation targeting is a framework for monetary policy, that has recently been implemented in some developed nations. In this article, it is shown that one can interpret inflation targeting cum penalties as equivalent to the optimal linear contract. Moreover, the conditions for the successful implementation of inflation targeting are discussed, based on these countries' experience. A monetary reform based on inflation targeting may be an important step towards the consolidation of an economic stabilization plan.
publishDate 1998
dc.date.none.fl_str_mv 1998-08-20
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/217788
10.11606/1413-8050/ea217788
url https://www.revistas.usp.br/ecoa/article/view/217788
identifier_str_mv 10.11606/1413-8050/ea217788
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/217788/199135
dc.rights.driver.fl_str_mv Copyright (c) 1998 Economia Aplicada
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 1998 Economia Aplicada
http://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
dc.source.none.fl_str_mv Economia Aplicada; Vol. 2 Núm. 4 (1998); 627-645
Economia Aplicada; Vol. 2 No. 4 (1998); 627-645
Economia Aplicada; v. 2 n. 4 (1998); 627-645
1980-5330
1413-8050
reponame:Economia Aplicada
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Economia Aplicada
collection Economia Aplicada
repository.name.fl_str_mv Economia Aplicada - Universidade de São Paulo (USP)
repository.mail.fl_str_mv ||revecap@usp.br
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