Expectativas inflacionárias no regime de metas de inflação: uma análise preliminar do caso brasileiro
This paper aims to show some interesting relationships between credibility-reputation economic theory and inflationary expectations - since Brazil adopted inflation target regime, in June of 1999. The main findings are, at first, that Central Bank of Brazil (CBB) has high capacity to influence infl...
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| Format: | Article |
| Language: | Portuguese |
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Universidade de São Paulo
2002-08-01
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| Series: | Economia Aplicada |
| Subjects: | |
| Online Access: | https://www.revistas.usp.br/ecoa/article/view/220044 |
| _version_ | 1797396912453713920 |
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| author | João Sicsú |
| author_facet | João Sicsú |
| author_sort | João Sicsú |
| collection | DOAJ |
| description |
This paper aims to show some interesting relationships between credibility-reputation economic theory and inflationary expectations - since Brazil adopted inflation target regime, in June of 1999. The main findings are, at first, that Central Bank of Brazil (CBB) has high capacity to influence inflationary expectations if it was successful in reaching its inflation target in recent years, secondly, inflationary expectations are heterogeneous when CBB has high reputation but its inflation targets are loosing credibility.
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| first_indexed | 2024-03-09T00:58:17Z |
| format | Article |
| id | doaj.art-1f4c72c4db21401d9c9cba8cc540862b |
| institution | Directory Open Access Journal |
| issn | 1413-8050 1980-5330 |
| language | Portuguese |
| last_indexed | 2024-03-09T00:58:17Z |
| publishDate | 2002-08-01 |
| publisher | Universidade de São Paulo |
| record_format | Article |
| series | Economia Aplicada |
| spelling | doaj.art-1f4c72c4db21401d9c9cba8cc540862b2023-12-11T16:15:45ZporUniversidade de São PauloEconomia Aplicada1413-80501980-53302002-08-0164Expectativas inflacionárias no regime de metas de inflação: uma análise preliminar do caso brasileiroJoão Sicsú0Universidade Federal do Rio de Janeiro This paper aims to show some interesting relationships between credibility-reputation economic theory and inflationary expectations - since Brazil adopted inflation target regime, in June of 1999. The main findings are, at first, that Central Bank of Brazil (CBB) has high capacity to influence inflationary expectations if it was successful in reaching its inflation target in recent years, secondly, inflationary expectations are heterogeneous when CBB has high reputation but its inflation targets are loosing credibility. https://www.revistas.usp.br/ecoa/article/view/220044inflation targetcredibility and reputation |
| spellingShingle | João Sicsú Expectativas inflacionárias no regime de metas de inflação: uma análise preliminar do caso brasileiro Economia Aplicada inflation target credibility and reputation |
| title | Expectativas inflacionárias no regime de metas de inflação: uma análise preliminar do caso brasileiro |
| title_full | Expectativas inflacionárias no regime de metas de inflação: uma análise preliminar do caso brasileiro |
| title_fullStr | Expectativas inflacionárias no regime de metas de inflação: uma análise preliminar do caso brasileiro |
| title_full_unstemmed | Expectativas inflacionárias no regime de metas de inflação: uma análise preliminar do caso brasileiro |
| title_short | Expectativas inflacionárias no regime de metas de inflação: uma análise preliminar do caso brasileiro |
| title_sort | expectativas inflacionarias no regime de metas de inflacao uma analise preliminar do caso brasileiro |
| topic | inflation target credibility and reputation |
| url | https://www.revistas.usp.br/ecoa/article/view/220044 |
| work_keys_str_mv | AT joaosicsu expectativasinflacionariasnoregimedemetasdeinflacaoumaanalisepreliminardocasobrasileiro |