create a website

Deconstructing credibility: The breaking of monetary policy rules in Brazil. (2017). Paiva, Claudio ; Cortes, Gustavo.
In: Journal of International Money and Finance.
RePEc:eee:jimfin:v:74:y:2017:i:c:p:31-52.

Full description at Econpapers || Download paper

Cited: 12

Citations received by this document

Cites: 34

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Are public debt and public debt expectations associated with debt management strategies?. (2024). Dos, Daniel Pereira ; Montes, Gabriel Caldas.
    In: The Quarterly Review of Economics and Finance.
    RePEc:eee:quaeco:v:98:y:2024:i:c:s1062976924001273.

    Full description at Econpapers || Download paper

  2. Abrupt monetary policy change and unanchoring of inflation expectations. (2024). Carvalho, Carlos ; Bonomo, Marco ; Eusepi, Stefano ; Matos, Silvia ; Perrupato, Marina ; Ayres, Joo ; Abib, Daniel.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:145:y:2024:i:s:s0304393224000291.

    Full description at Econpapers || Download paper

  3. (Mis)Alignment between observed and expected monetary policy: The case of Brazil. (2024). Divino, Jose Angelo ; Haraguchi, Carlos.
    In: International Economics.
    RePEc:eee:inteco:v:178:y:2024:i:c:s2110701724000283.

    Full description at Econpapers || Download paper

  4. Discretionary fiscal policy, fiscal credibility and inflation risk premium. (2022). Montes, Gabriel ; de Hollanda, Natalia Teixeira.
    In: The Quarterly Review of Economics and Finance.
    RePEc:eee:quaeco:v:85:y:2022:i:c:p:208-222.

    Full description at Econpapers || Download paper

  5. Unconventional monetary policy and disaster risk: Evidence from the subprime and COVID–19 crises. (2022). Cortes, Gustavo ; Song, Zhaogang ; Gao, George P.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:122:y:2022:i:c:s0261560621001947.

    Full description at Econpapers || Download paper

  6. Specification errors, nonlinearities, and structural breaks in the Central Bank of Brazil’s reaction function. (2021). da Silva Bejarano Aragón, Edilean.
    In: Empirical Economics.
    RePEc:spr:empeco:v:60:y:2021:i:3:d:10.1007_s00181-019-01805-2.

    Full description at Econpapers || Download paper

  7. Policy Performance and the Behavior of Inflation Expectations. (2021). Kara, Hakan ; Gulsen, Eda ; Gulen, Eda.
    In: International Journal of Central Banking.
    RePEc:ijc:ijcjou:y:2021:q:4:a:5.

    Full description at Econpapers || Download paper

  8. Formation of inflation expectations: Does macroeconomic and policy environment matter?. (2020). Kara, Hakan ; Gulsen, Eda.
    In: Koç University-TUSIAD Economic Research Forum Working Papers.
    RePEc:koc:wpaper:2017.

    Full description at Econpapers || Download paper

  9. Facing the Quadrilemma: Taylor rules, intervention policy and capital controls in large emerging markets. (2020). Hutchison, Michael ; Chertman, Fernando ; Zink, David.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:102:y:2020:i:c:s0261560619305601.

    Full description at Econpapers || Download paper

  10. Inflation Expectations: Review and Evidence. (2019). Panizza, Ugo ; Matsuoka, Hideaki ; Kose, Ayhan ; Vorisek, Dana.
    In: Koç University-TUSIAD Economic Research Forum Working Papers.
    RePEc:koc:wpaper:1904.

    Full description at Econpapers || Download paper

  11. Inflation Expectations: Review and Evidence. (2019). Panizza, Ugo ; Matsuoka, Hideaki ; Kose, Ayhan ; Vorisek, Dana.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:13601.

    Full description at Econpapers || Download paper

  12. Measurement of the efficiency of monetary policy. (2017). Rochana, Siti Herni ; Purwanda, Eka.
    In: Economic Journal of Emerging Markets.
    RePEc:uii:journl:v:9:y:2017:i:2:p:138-149.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Acemoglu, D. ; Johnson, S. ; Querubin, P. ; Robinson, J.A. When does policy reform work? the case of central bank independence. 2008 Brookings Papers Econ. Activity. 351-380

  2. Agénor, P.-R. ; Pereira da Silva, L.A. Inflation Targeting and Financial Stability: A Perspective from the Developing World. 2013 Inter-American Development Bank and CEMLA:

  3. Aragón, E.K.S.B. ; Medeiros, G.B. Monetary policy in Brazil: evidence of a reaction function with time-varying parameters and endogenous regressors. 2015 Empirical Econ.. 48 557-575

  4. Bacha, E.L., Holland, M., Gonçalves, F.M., 2007. Is Brazil different? risk, dollarization, and interest rates in emerging markets. International Monetary Fund, IMF Working Paper 07/294.

  5. Baer, W. ; Nazmi, N. Privatization and restructuring of banks in Brazil. 2000 Quart. Rev. Econ. Finance. 40 3-24

  6. Barro, R.J. ; Gordon, D.B. Rules, discretion and reputation in a model of monetary policy. 1983 J. Monet. Econ.. 12 101-121

  7. BCB, 2010. Inflation Report: September 2010. Banco Central do Brasil.
    Paper not yet in RePEc: Add citation now
  8. Bevilaqua, A.S. ; Mesquita, M. ; Minella, A. Brazil: taming inflation expectations. 2008 En : Transmission Mechanisms for Monetary Policy in Emerging Market Economies. :

  9. Calvo, G.A. ; Mishkin, F.S. The mirage of exchange rate regimes for emerging market countries. 2003 J. Econ. Perspect.. 17 99-118

  10. Carvalho, D.R., 2015. Uncertainty, real options, and firm inaction: Evidence from monthly plant-level data. Working Paper, USC Marshall School of Business.
    Paper not yet in RePEc: Add citation now
  11. Clarida, R. ; Galí, J. ; Gertler, M. Monetary policy rules and macroeconomic stability: evidence and some theory. 2000 Quart. J. Econ.. 115 147-180

  12. Clausen, J.R. ; Meier, C.-P. Did the Bundesbank follow a Taylor rule? An analysis based on real-time data. 2005 Swiss J. Econ. Stat.. 141 213-246

  13. Cukierman, A. ; Web, S.B. ; Neyapti, B. Measuring the independence of central banks and its effect on policy outcomes. 1992 World Bank Econ. Rev.. 6 353-398

  14. De Bolle, M., 2015. Do public development banks hurt growth? Evidence from Brazil. Peterson Institute for International Economics Policy Brief, Number PB15-16, September.

  15. Fraga, A. ; Goldfajn, I. ; Minella, A. Inflation targeting in emerging market economies. 2004 En : . The MIT Press:

  16. Furlani, L.G.C. ; Portugal, M.S. ; Laurini, M.P. Exchange rate movements and monetary policy in Brazil: econometric and simulation evidence. 2010 Econ. Modell.. 27 284-295

  17. Gonçalves, C.E.S., 2015. Too tight and too loose: monetary policy in Brazil in the last decade. IEPE/CdG Working Paper.
    Paper not yet in RePEc: Add citation now
  18. Hamilton, J.D. A new approach to the economic analysis of nonstationary time series and the business cycle. 1989 Econometrica. 357-384

  19. IMF, 2012. International Monetary Fund’s Staff Report for Brazil: 2012 Article IV Consultation. International Monetary Fund’s Country Report n.12/191 (July).
    Paper not yet in RePEc: Add citation now
  20. Judd, J.P. ; Rudebusch, G.D. Taylor’s rule and the Fed: 1970–1997. 1998 Econ. Rev. Federal Res. Bank San Francisco. 3-16

  21. Kydland, F.E. ; Prescott, E.C. Rules rather than discretion: the inconsistency of optimal plans. 1977 J. Polit. Econ.. 473-491

  22. Lopes, F.L. On high interest rates in Brazil. 2014 Brazilian J. Polit. Econ.. 34 -

  23. Lubik, T.A. ; Schorfheide, F. Do central banks respond to exchange rate movements? a structural investigation. 2007 J. Monet. Econ.. 54 1069-1087

  24. Minella, A. ; Freitas, P.S. ; Goldfajn, I. ; Muinhos, M.K. Inflation targeting in Brazil: constructing credibility under exchange rate volatility. 2003 J. Int. Money Finance. 22 1015-1040

  25. Mishkin, F.S. Can inflation targeting work in emerging market countries?. 2008 En : Reinhart, C.M. ; Végh, C. ; Velasco, A. Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo. MIT Press:
    Paper not yet in RePEc: Add citation now
  26. Mishkin, F.S. Inflation targeting in emerging market economies: comment. 2004 En : . National Bureau for Economic Research:

  27. Moreira, R.R. Reviewing Taylor rules for Brazil: was there a turning-point?. 2015 J. Econ. Polit. Econ.. 2 276-289

  28. Nikolsko-Rzhevskyy, A. ; Papell, D.H. ; Prodan, R. Deviations from rules-based policy and their effects. 2014 J. Econ. Dynam. Control. 49 4-17

  29. Orphanides, A. Monetary policy rules based on real-time data. 2001 Am. Econ. Rev.. 964-985

  30. Pavasuthipaisit, R. Should inflation-targeting central banks respond to exchange rate movements?. 2010 J. Int. Money Finance. 29 460-485

  31. Roodman, D. A note on the theme of too many instruments. 2009 Oxford Bull. Econ. Stat.. 71 135-158

  32. Segura-Ubiergo, A., 2012. The puzzle of Brazil’s high interest rates. International Monetary Fund, IMF Working Paper 12/62.

  33. Siklos, P.L. ; Wohar, M.E. Estimating Taylor type rules: an unbalanced regression?. 2005 Adv. Econometr.. 20 239-276
    Paper not yet in RePEc: Add citation now
  34. Taylor, J.B. Discretion versus policy rules in practice. 1993 In: Carnegie-Rochester Conference Series on Public Policy. vol. 39 195-214

Cocites

Documents in RePEc which have cited the same bibliography

  1. Constitucionalismo Económico y la Autonomía Institucional del Banco Central de Chile. (2017). MARCEL, MARIO.
    In: Economic Policy Papers Central Bank of Chile.
    RePEc:chb:bcchep:62.

    Full description at Econpapers || Download paper

  2. Support policies for renewables Instrument choice and instrument change from a Public Choice perspective. (2016). Strunz, Sebastian ; Lehmann, Paul ; Gawel, Erik.
    In: WIDER Working Paper Series.
    RePEc:unu:wpaper:wp2016-006.

    Full description at Econpapers || Download paper

  3. Macro prudential governance and central banks: Facts and drivers. (2016). Volpicella, Alessio ; masciandaro, donato.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:61:y:2016:i:c:p:101-119.

    Full description at Econpapers || Download paper

  4. Public spending and growth: The role of government accountability. (2016). Veiga, Francisco ; Morozumi, Atsuyoshi.
    In: European Economic Review.
    RePEc:eee:eecrev:v:89:y:2016:i:c:p:148-171.

    Full description at Econpapers || Download paper

  5. The Fed-induced political business cycle: Empirical evidence from a time–frequency view. (2016). Funashima, Yoshito.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:54:y:2016:i:c:p:402-411.

    Full description at Econpapers || Download paper

  6. Exchange Rate Pass-through in Emerging Countries: Do the Inflation Environment, Monetary Policy Regime and Institutional Quality Matter?. (2016). Mignon, Valérie ; López Villavicencio, Antonia ; Lopez-Villavicencio, Antonia.
    In: Working Papers.
    RePEc:cii:cepidt:2016-07.

    Full description at Econpapers || Download paper

  7. The Fed-Induced Political Business Cycle. (2015). Funashima, Yoshito.
    In: MPRA Paper.
    RePEc:pra:mprapa:63654.

    Full description at Econpapers || Download paper

  8. Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935-75. (2015). Ryan-Collins, Josh.
    In: Economics Working Paper Archive.
    RePEc:lev:wrkpap:wp_848.

    Full description at Econpapers || Download paper

  9. Does Social Trust Speed up Reforms? The Case of Central-Bank Independence. (2015). Berggren, Niclas ; Daunfelt, Sven-Olof ; Hellstrom, Jorgen.
    In: Working Paper Series.
    RePEc:hhs:iuiwop:1053.

    Full description at Econpapers || Download paper

  10. Bureaucratic corruption and the dynamic interaction between monetary and fiscal policy. (2015). Dimakou, Ourania.
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:40:y:2015:i:pa:p:57-78.

    Full description at Econpapers || Download paper

  11. Corruption, central bank (in)dependence and optimal monetary policy in a simple model. (2015). Cavoli, Tony ; Wilson, John K..
    In: Journal of Policy Modeling.
    RePEc:eee:jpolmo:v:37:y:2015:i:3:p:501-509.

    Full description at Econpapers || Download paper

  12. Debt, inflation and central bank independence. (2015). Martin, Fernando.
    In: European Economic Review.
    RePEc:eee:eecrev:v:79:y:2015:i:c:p:129-150.

    Full description at Econpapers || Download paper

  13. Do financial reforms help stabilize inequality?. (2015). McAdam, Peter ; Christopoulos, Dimitris.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20151780.

    Full description at Econpapers || Download paper

  14. Ups and downs of central bank independence from the Great Inflation to the Great Recession: theory, institutions and empirics. (2015). Romelli, Davide ; masciandaro, donato.
    In: Financial History Review.
    RePEc:cup:fihrev:v:22:y:2015:i:03:p:259-289_00.

    Full description at Econpapers || Download paper

  15. Does Social Trust Speed Up Reforms? The case of Central Bank Independence. (2014). Daunfeldt, Sven-Olov ; Berggren, Niclas ; Bergren, Niclas ; Hellstrom, Jorgen.
    In: HUI Working Papers.
    RePEc:hhs:huiwps:0107.

    Full description at Econpapers || Download paper

  16. Social trust and central-bank independence. (2014). Daunfeldt, Sven-Olov ; Berggren, Niclas ; Hellstrom, Jorgen.
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:34:y:2014:i:c:p:425-439.

    Full description at Econpapers || Download paper

  17. Mark my words: Information and the fear of declaring an exchange rate regime. (2014). Méon, Pierre-Guillaume ; Minne, Geoffrey ; Meon, Pierre-Guillaume.
    In: Journal of Development Economics.
    RePEc:eee:deveco:v:107:y:2014:i:c:p:244-261.

    Full description at Econpapers || Download paper

  18. Online appendix to “Mark My Words: Information and the Fear of Declaring an Exchange Rate Regime”. (2013). Méon, Pierre-Guillaume ; Minne, Geoffrey.
    In: Working Papers CEB.
    RePEc:sol:wpaper:2013/151019.

    Full description at Econpapers || Download paper

  19. Are Central Bank Independence Reforms Necessary for Achieving Low and Stable Inflation?. (2013). Daunfeldt, Sven-Olov ; Rudholm, Niklas ; Landstrom, Mats.
    In: HUI Working Papers.
    RePEc:hhs:huiwps:0095.

    Full description at Econpapers || Download paper

  20. Monetary and fiscal institutional designs. (2013). Dimakou, Ourania.
    In: Journal of Comparative Economics.
    RePEc:eee:jcecon:v:41:y:2013:i:4:p:1141-1166.

    Full description at Econpapers || Download paper

  21. Does trust favor macroeconomic stability?. (2013). Sangnier, Marc.
    In: Journal of Comparative Economics.
    RePEc:eee:jcecon:v:41:y:2013:i:3:p:653-668.

    Full description at Econpapers || Download paper

  22. Synchronization and Changes in International Inflation Uncertainty. (2013). Wieland, Elisabeth ; Henzel, Steffen.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_4194.

    Full description at Econpapers || Download paper

  23. Inflation Targeting: Does It Improve Economic Performance?. (2012). Miller, Stephen ; Fang, Wen Shwo ; Eren, Ozkan.
    In: Working Papers.
    RePEc:nlv:wpaper:1207.

    Full description at Econpapers || Download paper

  24. Who Benefits from Financial Development? New Methods, New Evidence. (2012). Papageorgiou, Chris ; Parmeter, Christopher ; Henderson, Daniel.
    In: Working Papers.
    RePEc:mia:wpaper:2013-07.

    Full description at Econpapers || Download paper

  25. Explicit inflation targets and central bank independence: friends or foes?. (2012). Libich, Jan.
    In: Economic Change and Restructuring.
    RePEc:kap:ecopln:v:45:y:2012:i:4:p:271-297.

    Full description at Econpapers || Download paper

  26. Public attitudes towards central bank independence: Lessons from the foundation of the ECB. (2012). Hayat, Muhammad ; Farvaque, Etienne.
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:28:y:2012:i:4:p:512-523.

    Full description at Econpapers || Download paper

  27. The political economy of exchange rate regimes in developed and developing countries. (2012). Kim, Yoonbai ; Chang, Chun-Ping ; Berdiev, Aziz N..
    In: European Journal of Political Economy.
    RePEc:eee:poleco:v:28:y:2012:i:1:p:38-53.

    Full description at Econpapers || Download paper

  28. Does government ideology matter in monetary policy? A panel data analysis for OECD countries. (2012). Potrafke, Niklas ; Belke, Ansgar.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:31:y:2012:i:5:p:1126-1139.

    Full description at Econpapers || Download paper

  29. Central bank independence and stock market returns in emerging economies. (2012). Sunde, Uwe ; Förch, Thomas, .
    In: Economics Letters.
    RePEc:eee:ecolet:v:115:y:2012:i:1:p:77-80.

    Full description at Econpapers || Download paper

  30. International comovements in inflation rates and country characteristics. (2011). Neely, Christopher ; Rapach, David E..
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:30:y:2011:i:7:p:1471-1490.

    Full description at Econpapers || Download paper

  31. Does Government Ideology Matter in Monetary Policy?: A Panel Data Analysis for OECD Countries. (2011). Potrafke, Niklas ; Belke, Ansgar.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp1180.

    Full description at Econpapers || Download paper

  32. Misuse of Institutions: Lessons from Transition. (2010). Polishchuk, Leonid.
    In: WIDER Working Paper Series.
    RePEc:unu:wpaper:wp2010-75.

    Full description at Econpapers || Download paper

  33. Short- and Long-Run Differences in the Treatment Effects of Inflation Targeting on Developed and Developing Countries. (2010). Miller, Stephen ; Lee, ChunShen ; Fang, WenShwo.
    In: Working papers.
    RePEc:uct:uconnp:2009-14.

    Full description at Econpapers || Download paper

  34. DeVELOPPEMENT FINANCIER, QUALITe INSTITUTIONNELLE ET CROISSANCE : UN MODeLE SIMPLE AVEC EFFETS DE SEUIL. (2010). villieu, patrick ; Minea, Alexandru.
    In: Region et Developpement.
    RePEc:tou:journl:v:32:y:2010:p:31-58.

    Full description at Econpapers || Download paper

  35. Relative Price Shocks, Inflation Expectations, and the Role of Monetary Policy. (2010). Siklos, Pierre L.
    In: RBA Annual Conference Volume (Discontinued).
    RePEc:rba:rbaacv:acv2009-16.

    Full description at Econpapers || Download paper

  36. How Central Should the Central Bank Be?. (2010). Blinder, Alan S.
    In: Working Papers.
    RePEc:pri:cepsud:198blinder.pdf.

    Full description at Econpapers || Download paper

  37. How Central Should the Central Bank Be?. (2010). .
    In: Working Papers.
    RePEc:pri:cepsud:198blinder.

    Full description at Econpapers || Download paper

  38. The Politics of Monetary Policy. (2010). Stella, Andrea.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:15856.

    Full description at Econpapers || Download paper

  39. Taxation, corruption and the exchange rate regime. (2010). Hefeker, Carsten.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:32:y:2010:i:1:p:338-346.

    Full description at Econpapers || Download paper

  40. Do central bank law reforms affect the term in office of central bank governors?. (2010). de Haan, Jakob ; Klomp, Jeroen.
    In: Economics Letters.
    RePEc:eee:ecolet:v:106:y:2010:i:3:p:219-222.

    Full description at Econpapers || Download paper

  41. Governance and Development. (2010). Moene, Karl Ove ; Baland, Jean-Marie ; Robinson, James A..
    In: Handbook of Development Economics.
    RePEc:eee:devchp:v:5:y:2010:i:c:p:4597-4656.

    Full description at Econpapers || Download paper

  42. How Central Should the Central Bank Be?. (2010). Blinder, Alan.
    In: Journal of Economic Literature.
    RePEc:aea:jeclit:v:48:y:2010:i:1:p:123-133.

    Full description at Econpapers || Download paper

  43. Does Government Ideology Matter in Monetary Policy? – A Panel Data Analysis for OECD Countries. (2009). Potrafke, Niklas ; Belke, Ansgar.
    In: Ruhr Economic Papers.
    RePEc:zbw:rwirep:94.

    Full description at Econpapers || Download paper

  44. Inflation Targeting Evaluation: Short-run Costs and Long-run Irrelevance. (2009). Miller, Stephen ; Lee, ChunShen ; Fang, Wen Shwo .
    In: Working Papers.
    RePEc:nlv:wpaper:0920.

    Full description at Econpapers || Download paper

  45. Governance and Development. (2009). Robinson, James ; Moene, Karl Ove ; Baland, Jean-Marie.
    In: Working Papers.
    RePEc:nam:wpaper:1007.

    Full description at Econpapers || Download paper

  46. Central Bank Independence and Economic Performance. (2009). Anastasiou, Athanasios.
    In: Cyprus Economic Policy Review.
    RePEc:erc:cypepr:v:3:y:2009:i:1:p:123-156.

    Full description at Econpapers || Download paper

  47. Taxation, Corruption and the Exchange Rate Regime. (2009). Hefeker, Carsten.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_2561.

    Full description at Econpapers || Download paper

  48. The quality of monetary policy and inflation performance: globalization and its aftermath. (2009). Siklos, Pierre ; Bohl, Martin ; Mayes, David G.
    In: Research Discussion Papers.
    RePEc:bof:bofrdp:2009_031.

    Full description at Econpapers || Download paper

  49. Do Financial Sector Reforms Lead to Financial Development? Evidence from a New Dataset. (2008). Detragiache, Enrica ; Tressel, Thierry.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2008/265.

    Full description at Econpapers || Download paper

  50. Is inflation an international phenomenon?. (2008). Neely, Christopher ; Rapach, David E..
    In: Working Papers.
    RePEc:fip:fedlwp:2008-025.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-05 18:39:22 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.