English, Article edition: Credibilidade da Política Monetária e a Previsão do Trade-off entre Inflação e Desemprego: Uma Aplicação para o Brasil Helder Ferreira de Mendonça; Marco Antonio Loureiro dos Santos

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Bookmark: http://trove.nla.gov.au/version/125354
Physical Description
  • article
Language
  • English

Edition details

Title
  • Credibilidade da Política Monetária e a Previsão do Trade-off entre Inflação e Desemprego: Uma Aplicação para o Brasil
Author
  • Helder Ferreira de Mendonça
  • Marco Antonio Loureiro dos Santos
Physical Description
  • article
Notes
  • This paper evaluates, as proposed by Laxton and N’Diaye (2002), if the consideration of a measure of monetary policy credibility in the forecast of the Brazilian Phillips Curve, after the introduction of inflation targeting, implies an improvement. The findings denote that the use of a measure of monetary policy credibility for the Brazilian economy can provide a statistical model with a forecast quality for unemployment-inflation trade-off better than models of inflation that consider a stable relation between inflation expectations and inflation.
  • Credibilidade, Trade-Off entre Inflação e Desemprego, Metas para Inflação Bank, Fear of Floating
  • RePEc:anp:econom:v:7:y:2006:i:2:p:293-306
Language
  • English
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