Metas inflacionáriasa análise convencional e um modelo alternativo

Resumo

Inflation targeting: the conventional analysis and an alternative model. This article has two aims: the first one is to present a formal model of the monetary policy identified generally as inflation targeting policy, an instrument of intervention of the central bank, through the short run nominal interest rate. The second aim is to discuss and criticize the theoretical assumptions of the model specially the concepts of natural rate of interest and of potential product presented by the augmented Philips curve; and to present a more realistic control of inflation targeting which does not assume the hypotheses above, and in which inflation targeting is based on the control of real rate of interest.

Ficha do documento

Tipo

Artigo científico

Ano

2008

Instituição

Editora 34

Fonte

Repositório da FGV

Idioma

Português

Acesso

Acesso aberto

DOI

10.1590/S0101-31572008000200001

Identificador

oai:repositorio.fgv.br:10438/21112

Temas

Economia

Palavras-chave

Short-run interest rateInflationary targetingPotential outputNominal monetary rulesNatural interest rateEconomiaTaxas de jurosInflaçãoPolítica monetária