Meta inflacionaria, juros e precos no varejo brasileiro

This paper analyzes inflation targeting, focusing on the interest-price transmission mechanism. The authors discuss the recent performance of the retail industry in Brazil, highlighting how monetary policy affects prices, both directly and indirectly. The key hypothesis is that interest rates must b...

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Veröffentlicht in:Brazilian journal of political economy
1. Verfasser: Costa, Fernando Nogueira da (VerfasserIn)
Weitere Verfasser: Deos, Simone Silva de (BerichterstatterIn), Brito, José Valney de (BerichterstatterIn)
Format: UnknownFormat
Sprache:por
Veröffentlicht: 2001
Schlagworte:
Inflationssteuerung > Geldpolitische Transmission > Zins > Preisniveau > Theorie > Brasilien > Inflation > Preisentwicklung > Ladenpreis > Stabilitätspolitik > Aufsatz in Zeitschrift
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Zusammenfassung:This paper analyzes inflation targeting, focusing on the interest-price transmission mechanism. The authors discuss the recent performance of the retail industry in Brazil, highlighting how monetary policy affects prices, both directly and indirectly. The key hypothesis is that interest rates must be seen not only as an instrument to control the general price level and the level of activity, by indirectly regulating aggregate demand. It must also be seen as a fundamental and direct component of the prices formed in the Brazilian retail industry. The big risk of inflation targeting, on the one side, is to increase deflation and, on the other, to create stagflation - unemployment and inflation. (Rev Econ Polit/DÜI)
Beschreibung:Zsfassung in engl. Sprache
In: Revista de economia política
Beschreibung:Lit. S. 111
ISSN:0101-3157