Research Catalog

Title

Inflation targeting, debt, and the Brazilian experience, 1999 to 2003 / edited by Francesco Giavazzi, Ilan Goldfajn, and Santiago Herrera.

Publication

Cambridge, MA : MIT Press, 2005.

Items in the Library & Off-site

Holdings

Details

Additional Authors

• Giavazzi, Francesco.
• Goldfajn, Ilan.
• Herrera, Santiago.

Description

xxii, 303 pages : illustrations; 24 cm

Summary

"Inflation targeting - when central bank policies set specific inflation rate objectives - is widely used by both developed and developing countries around the world (although not by the United States or the European Central Bank). This collection of original essays looks at how Brazil's policy of inflation targeting, coupled with a floating exchange rate, survived a series of severe economic shocks and examines the policy lessons that can be drawn from Brazil's experience."--BOOK JACKET.

Subject

• Monetary policy > Brazil
• Inflation (Finance) > Brazil
• Debts, External > Brazil

Bibliography (note)

• Includes bibliographical references and index.

Contents

Overview : lessons from Brazil / Francesco Giavazzi, Ilan Goldfajn and Santiago Herrera -- 1. Fiscal policy, inflation, and the balance of payments in Brazil / Affonso Celso Pastore and Maria Cristina Pinotti -- Comment on chapter 1 / Pedro S. Malan -- 2. Fiscal dominance and inflation targeting : lessons from Brzil / Olivier Blanchard -- Comment on chapter 2 / Eduardo Loyo -- 3. Inflation targeting and debt : lessons from Brazil / Carlo A. Favero and Francesco Giavazzi -- Comment on chapter 3 / Eliana Cardoso -- 4. Public debt management in Brazil / Alessandro Missale and Francesco Giavazzi -- Comment on chapter 4 / Joaquim Levy -- 5. A risk management approach to emerging market's sovereign debt sustainability with an application to Brazilian data / Marcio Garcia and Roberto Rigobon -- Comment on chapter 5 / Ilan Goldfajn -- 6. Institutions for debt sustainability in Brazil / Charles Wyplosz -- Comment on chapter 6 / Rogerio L. F. Werneck -- 7. Learning to trust Lula : contagion and political risk in Brazil / Marcus Miller, Kannika Thampanishvong and Lei Zhang -- Comment on chapter 7 / Dionisio Carneiro -- 8. Credit, interest, and jurisdictional uncertainty : conjectures on the case of Brazil / Persio Arida, Edmar Lisboa Bacha and Andre Lara-Resende -- Comment on chapter 8 / Arminio Fraga.

ISBN

0262072599 (alk. paper)

LCCN

2004056776

OCLC

• ocm56493798
• SCSB-5181333

Owning Institutions

Columbia University Libraries