Optimal rules for monetary policy in Brazil

This paper assesses inflation targeting in emerging market economies (EMEs), and develops applied prescriptions for the conduct of monetary policy and inflation-targeting design

In making inflation, a goal variable, the focus of monetary policy, the inflation- targeting strategy in most cases significantly reduces the role of formal intermediate

short-term interest rate consistent with output at its potential level and stable inflation in the..

EURO AREA: Impulse response functions of output, inflation, interest rate and monetary base to. structural

F1. O sistema colabora para o aumento do poder de barganha da empresa junto aos seus fornecedores. O sistema facilita aos fornecedores o acesso aos pedidos da empresa. O

Rovelli (2005) Monetary policy transmission, interest rate rules and inflation targeting in three transition countries, Journal of Banking and Finance, 29 (1), pp. Kocenda (2003)

This cost is higher at the end of the holding period because the agents need to safe the money at the bank account during more periods, which, in the case of a positive in‡ation

levels of inflation, and then study the reaction of the real interest rate ( r ), inflation ( π ) and output ( Y ), they did this shock considering the same steady-state level