SciELO - Scientific Electronic Library Online

 
vol.16 issue1Mudanças no padrão de uso da mão-de-obra no Brasil entre 1949 e 2010 author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

Share


Nova Economia

Print version ISSN 0103-6351On-line version ISSN 1980-5381

Abstract

MENDONCA, Helder Ferreira de. Transparência, condução da política monetária e metas para inflação. Nova econ. [online]. 2006, vol.16, n.1, pp.175-198. ISSN 1980-5381.  http://dx.doi.org/10.1590/S0103-63512006000100005.

Given that several countries have adopted inflation targeting, and that the main objective of this regime is to function as a guide for the inflationary expectations of economic agents, transparency in the handling of the monetary policy becomes a prerequisite for the success of this regime. This paper presents a survey of the evolution in the theoretical and empirical research concerning transparency in handling monetary policy. The main conclusion suggests that transparency must be understood as a mechanism that, if used in correctly, can favor a rise in credibility in the handling of monetary policy.

Keywords : transparency; monetary policy; expectations; credibility.

        · abstract in Portuguese     · text in Portuguese     · Portuguese ( pdf )

 

Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License