Metas de inflação: lições da era Greenspan

Revista de Economia Política

Simone Silva De Deos¹  Rogério P. De Andrade¹ 

[1] ,Universidade Estadual de Campinas Instituto de Economia

关键词: inflation targeting;    monetary policy;    central banking;   

DOI  :  10.1590/S0101-31572009000300006

来源: SciELO

【 摘 要 】

This paper approaches the experience of monetary policy in the Greenspan period and suggests what lessons could be learnt. The adoption of inflation targeting would denote a step backward in the policymaking process in the USA, for, since the 1980s, a distinctive feature is flexibility of response to adjust to unexpected events and changing environments. The Fed was able to exercise an informed judgement in critical situations and this opens the case for the importance of not restraining policymakers' actions through the adoption of tight rules. Furthermore, that the various experiences with inflation targeting are indisputably huge successes, and that this framework represents the state of the art (therefore nothing else can alternatively be done), remains to be seen.

【 授权许可】

CC BY   
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