Efeitos da independência do banco central e da taxa de rotatividade sobre a inflação brasileira
Year: 2006
Type: article
Abstract: The effects of central bank independence and the rate of turnover on the Brazilian inflation.Nowadays, the belief is strong in the Brazilian federal government that operational central bank independence is a basic condition to assure price stability.The literature concerning this subject highlights that a high degree of independence and a low turnover of central bank governor are associated with low inflation.This paper analyzes the relation between central bank independence and inflation in Brazil during 1980-2002.The findings denote that there is no effect on inflation due to an increase in degree of independence and a fall in turnover rate.Key-words: central bank independence,
Author: Helder Ferreira de Mendonça
Language: Portuguese
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W1998421008