Work

The Banco Central do Brasil's institutional framework after ten years

Year: 2011

Type: article

Abstract: The Banco Central do Brazil (BACEN) adopted inflation targeting in 1999. This monetary policy regime originates in institutional design which remains crucial today for the expectations management, and is in permanent evolution. After 10 years, the BACEN institutional framework is assessed, asking if there is still room for improvement. Various institutional procedures are analysed, and lessons are drawn from the international experience of a panel of sixteen countries. Some proposals for the BACEN institutional framework are made.

Source: Brazilian Journal of Political Economy

DOI: 10.1590/s0101-31572011000400006

Author: Emmanuel Carré

Institution: Université Sorbonne Paris Nord

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2029028567

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Cites: 99

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Related to: 10