Disagreement in expectations and the credibility of monetary authorities in the Brazilian inflation targeting regime
Based on market expectations reported by the Central Bank of Brazil for the SELIC interest rate, the IPCA inflation, the exchange rate (BRL/USD) and the growth rate of industrial production for four different forecasting horizons, this work analyzes the term structures of disagreement in expectation...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Emerald Publishing
2016-01-01
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| Series: | EconomiA |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1517758016300194 |