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Revista de Economia Contemporânea

On-line version ISSN 1980-5527


CARRARA, Aniela Fagundes  and  CORREA, André Luiz. Inflation targeting in Brazil: an empirical analysis of IPCA. Rev. econ. contemp. [online]. 2012, vol.16, n.3, pp.441-462. ISSN 1980-5527.

Inflation targeting regime is a monetary policy adopted by several countries in the 1990s, Brazil being among them, which adopted it in 1999 after a currency crisis. With a theoretical framework inspired by the new-classical theory, this regime is adopted by countries attempting to achieve price stability and it brings the prior announcement of a numerical target for inflation as a key feature. The present work aims at discussing the use of IPCA (Consumer Price Index) as a measuring index for Brazil's inflation after briefly explain the theoretical basis of the IT regime.

Keywords : Inflation targeting; monetary policy; price indexes.

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