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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Auteurs principaux: Bogdanski, Joel, De Freitas, Paulo Springer, Goldfajn, Ilan, Tombini, Alexandre Antonio
Format: Artículo
Langue:eng
Publié: Banco Central de Chile 2019
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Accès en ligne:https://hdl.handle.net/20.500.12580/3676
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