Inflation targeting in Brazil: shocks, backward-looking prices, and IMF conditionality

In mid-January 1990, Brazil abandoned its crawling exchange rate band. Surprisingly enough, the country's economic performance in the aftermath of this episode was much better than expected, given the performance of other emerging market economies after a move toward floating. Despite the large...

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Autores principales: Bogdanski, Joel, De Freitas, Paulo Springer, Goldfajn, Ilan, Tombini, Alexandre Antonio
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3676
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spelling oai-20.500.12580-36762021-04-24T10:32:55Z Inflation targeting in Brazil: shocks, backward-looking prices, and IMF conditionality Bogdanski, Joel De Freitas, Paulo Springer Goldfajn, Ilan Tombini, Alexandre Antonio INFLACIÓN FONDO MONETARIO INTERNACIONAL TIPO DE CAMBIO PRODUCTO INTERNO BRUTO In mid-January 1990, Brazil abandoned its crawling exchange rate band. Surprisingly enough, the country's economic performance in the aftermath of this episode was much better than expected, given the performance of other emerging market economies after a move toward floating. Despite the large devaluation of the domestic currency that followed the regime shift, gross domestic product grew 0.8 percent in 1999 and 4.5 percent in 2000. 2019-11-01T00:01:40Z 2019-11-01T00:01:40Z 2002 Artículo 956-7421-102 https://hdl.handle.net/20.500.12580/3676 eng Series on Central Banking, Analysis, and Economic Policies, no. 5 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 539-582 application/pdf BRASIL Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic INFLACIÓN
FONDO MONETARIO INTERNACIONAL
TIPO DE CAMBIO
PRODUCTO INTERNO BRUTO
spellingShingle INFLACIÓN
FONDO MONETARIO INTERNACIONAL
TIPO DE CAMBIO
PRODUCTO INTERNO BRUTO
Bogdanski, Joel
De Freitas, Paulo Springer
Goldfajn, Ilan
Tombini, Alexandre Antonio
Inflation targeting in Brazil: shocks, backward-looking prices, and IMF conditionality
description In mid-January 1990, Brazil abandoned its crawling exchange rate band. Surprisingly enough, the country's economic performance in the aftermath of this episode was much better than expected, given the performance of other emerging market economies after a move toward floating. Despite the large devaluation of the domestic currency that followed the regime shift, gross domestic product grew 0.8 percent in 1999 and 4.5 percent in 2000.
format Artículo
author Bogdanski, Joel
De Freitas, Paulo Springer
Goldfajn, Ilan
Tombini, Alexandre Antonio
author_facet Bogdanski, Joel
De Freitas, Paulo Springer
Goldfajn, Ilan
Tombini, Alexandre Antonio
author_sort Bogdanski, Joel
title Inflation targeting in Brazil: shocks, backward-looking prices, and IMF conditionality
title_short Inflation targeting in Brazil: shocks, backward-looking prices, and IMF conditionality
title_full Inflation targeting in Brazil: shocks, backward-looking prices, and IMF conditionality
title_fullStr Inflation targeting in Brazil: shocks, backward-looking prices, and IMF conditionality
title_full_unstemmed Inflation targeting in Brazil: shocks, backward-looking prices, and IMF conditionality
title_sort inflation targeting in brazil: shocks, backward-looking prices, and imf conditionality
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3676
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AT goldfajnilan inflationtargetinginbrazilshocksbackwardlookingpricesandimfconditionality
AT tombinialexandreantonio inflationtargetinginbrazilshocksbackwardlookingpricesandimfconditionality
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