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vol.20 número1COMMODITY CURRENCIES: UM FENÔMENO REAL NO BRASIL?NÃO NEUTRALIDADE FISCAL, GASTOS PÚBLICOS E AGENTES HETEROGÊNEOS índice de autoresíndice de assuntospesquisa de artigos
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Revista de Economia Contemporânea

versão impressa ISSN 1415-9848versão On-line ISSN 1980-5527

Resumo

FONSECA, Mateus Ramalho Ribeiro da; PERES, Samuel Costa  e  ARAUJO, Eliane Cristina de. INFLATION TARGETING REGIME: COMPARATIVE ANALYSIS AND EMPIRICAL EVIDENCE FOR SELECTED EMERGING COUNTRIES. Rev. econ. contemp. [online]. 2016, vol.20, n.1, pp.113-143. ISSN 1980-5527.  https://doi.org/10.1590/198055272015.

The objective of this paper is to analyze the inflation targeting regime (ITR) in Brazil in the light of the experiences of other selected emerging countries, namely: South Africa, Chile, Colombia, South Korea and Mexico. To that end, there is an exposition of the contexts in which ITR was adopted in the selected countries, as well as a comparison between the arrangements of these regimes, to distinguish its main features. Lastly, an autoregressive model is estimated with vector error correction (VEC) for each country in the sample, in order to set the conditions for an analysis of the efficiency of ITR in these economies. The empirical results of the research suggest that the most flexible inflation targeting regimes (South Africa, Chile, Colombia, South Korea) are relatively more efficient in terms of curbing inflation than more rigid regimes (Brazil and Mexico).

Palavras-chave : inflation; inflation targeting; VEC model..

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