Measuring the credibility of the inflation targeting in Brazil

Vol. 24 No. 3 (2004)

Jul-Sep / 2004
Published July 1, 2004
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Mendonça, Helder Ferreira de. 2004. “Measuring the Credibility of the Inflation Targeting in Brazil”. Brazilian Journal of Political Economy 24 (3):346-53. https://doi.org/10.1590/0101-35172004-1618.

Measuring the credibility of the inflation targeting in Brazil

Helder Ferreira de Mendonça
Professor do Departamento de Economia da Universidade Federal Fluminense – UFF, Niterói, RJ, Brasil.
Brazilian Journal of Political Economy, Vol. 24 No. 3 (2004), Jul-Sep / 2004, Pages 346-353

Abstract

The aim of this paper is to apply two indexes for measuring the credibility of the inflation targeting in Brazil and to analyze their outcomes. The findings denote that the framework adopted for this monetary regime in Brazil is not adequate for building credibility.

JEL Classification: E31; E52.


Keywords: Credibility inflation targets inflation expectation