Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckiano
Inflation target, real exchange rate and external crisis in a Kaleckian model. Which role should the real exchange rate play in an inflation target regime? In this paper this point is discussed from the point of view of the conditions required for avoiding an external crisis. With this objective, a...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Editora 34
2011-12-01
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| Series: | Brazilian Journal of Political Economy |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572011000400005&lng=en&tlng=en |
| _version_ | 1828157054422876160 |
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| author | Gabriel Porcile Alexandre Souza Ricardo Viana |
| author_facet | Gabriel Porcile Alexandre Souza Ricardo Viana |
| author_sort | Gabriel Porcile |
| collection | DOAJ |
| description | Inflation target, real exchange rate and external crisis in a Kaleckian model. Which role should the real exchange rate play in an inflation target regime? In this paper this point is discussed from the point of view of the conditions required for avoiding an external crisis. With this objective, a dynamic Kaleckian model is presented focusing on the stability of the external debt to capital ratio. The main conclusion is that policy makers should monitor closely the evolution of the real exchange rate in order to make compatible the inflation target regime with external stability. |
| first_indexed | 2024-04-11T23:21:43Z |
| format | Article |
| id | doaj.art-1f645ccf523c46e89662dc0d339f5c57 |
| institution | Directory Open Access Journal |
| issn | 1809-4538 |
| language | English |
| last_indexed | 2024-04-11T23:21:43Z |
| publishDate | 2011-12-01 |
| publisher | Editora 34 |
| record_format | Article |
| series | Brazilian Journal of Political Economy |
| spelling | doaj.art-1f645ccf523c46e89662dc0d339f5c572022-12-22T03:57:25ZengEditora 34Brazilian Journal of Political Economy1809-45382011-12-0131457959310.1590/S0101-31572011000400005S0101-31572011000400005Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckianoGabriel Porcile0Alexandre Souza1Ricardo Viana2Universidade Federal do ParanáBanco Central do BrasilUniversidade Federal do ParanáInflation target, real exchange rate and external crisis in a Kaleckian model. Which role should the real exchange rate play in an inflation target regime? In this paper this point is discussed from the point of view of the conditions required for avoiding an external crisis. With this objective, a dynamic Kaleckian model is presented focusing on the stability of the external debt to capital ratio. The main conclusion is that policy makers should monitor closely the evolution of the real exchange rate in order to make compatible the inflation target regime with external stability.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572011000400005&lng=en&tlng=enKaleckian modelsinflation target |
| spellingShingle | Gabriel Porcile Alexandre Souza Ricardo Viana Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckiano Brazilian Journal of Political Economy Kaleckian models inflation target |
| title | Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckiano |
| title_full | Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckiano |
| title_fullStr | Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckiano |
| title_full_unstemmed | Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckiano |
| title_short | Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckiano |
| title_sort | metas de inflacao taxa de cambio real e crise externa num modelo kaleckiano |
| topic | Kaleckian models inflation target |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572011000400005&lng=en&tlng=en |
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