The Banco Central do Brasil's institutional framework after ten years


Autoria(s): Carré,Emmanuel
Data(s)

01/12/2011

Resumo

The Banco Central do Brazil (BACEN) adopted inflation targeting in 1999. This monetary policy regime originates in institutional design which remains crucial today for the expectations management, and is in permanent evolution. After 10 years, the BACEN institutional framework is assessed, asking if there is still room for improvement. Various institutional procedures are analysed, and lessons are drawn from the international experience of a panel of sixteen countries. Some proposals for the BACEN institutional framework are made.

Formato

text/html

Identificador

http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572011000400006

Idioma(s)

en

Publicador

Editora 34

Fonte

Revista de Economia Política v.31 n.4 2011

Palavras-Chave #inflation targeting #institutional design #transparency #interest rate forecasts
Tipo

journal article