Holdings: Real Interest Rate Targeting

Real Interest Rate Targeting: An Example From Brazil

This paper examines a real interest rate targeting procedure based on lagged inflation similar to the policy followed by the Brazilian monetary authorities during the period November 1986 to December 1988, focusing on the issue of the determinacy of the price level. For the specific model examined,...

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Main Author:	Clifton, Eric V. (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 1990
Series:	IMF Working Papers Working Paper No. 90/111
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	This paper examines a real interest rate targeting procedure based on lagged inflation similar to the policy followed by the Brazilian monetary authorities during the period November 1986 to December 1988, focusing on the issue of the determinacy of the price level. For the specific model examined, the analysis suggests that such a targeting procedure would not suffer from the frequently noted defect of nominal interest rate targeting rules of leaving the conditional expectation of the next period price level undetermined
Physical Description:	1 Online-Ressource (26 p)
ISBN:	1451945043 9781451945041

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spelling	Clifton, Eric V. Verfasser aut Real Interest Rate Targeting An Example From Brazil Clifton, Eric V Washington, D.C International Monetary Fund 1990 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 90/111 This paper examines a real interest rate targeting procedure based on lagged inflation similar to the policy followed by the Brazilian monetary authorities during the period November 1986 to December 1988, focusing on the issue of the determinacy of the price level. For the specific model examined, the analysis suggests that such a targeting procedure would not suffer from the frequently noted defect of nominal interest rate targeting rules of leaving the conditional expectation of the next period price level undetermined Online-Ausg http://elibrary.imf.org/view/IMF001/05564-9781451945041/05564-9781451945041/05564-9781451945041.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Clifton, Eric V. Real Interest Rate Targeting An Example From Brazil
title	Real Interest Rate Targeting An Example From Brazil
title_auth	Real Interest Rate Targeting An Example From Brazil
title_exact_search	Real Interest Rate Targeting An Example From Brazil
title_exact_search_txtP	Real Interest Rate Targeting An Example From Brazil
title_full	Real Interest Rate Targeting An Example From Brazil Clifton, Eric V
title_fullStr	Real Interest Rate Targeting An Example From Brazil Clifton, Eric V
title_full_unstemmed	Real Interest Rate Targeting An Example From Brazil Clifton, Eric V
title_short	Real Interest Rate Targeting
title_sort	real interest rate targeting an example from brazil
title_sub	An Example From Brazil
url	http://elibrary.imf.org/view/IMF001/05564-9781451945041/05564-9781451945041/05564-9781451945041.xml
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