Exchange Rate, Monetary, and Inflation Targets

Since the beginning of the Quantitative Theory of Money by David Hume, the relation between money and price level has been analyzed by monetary economists. Nowadays the search for price stability has induced the policymakers to adopt one of three monetary regimes: fixed exchange rate, monetary targe...

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Detalhes bibliográficos
Autor: Mendonça, Helder Ferreira de
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2002
País:Brasil
Recursos:EDITORA 34
Repositorio:Revista de Economia Política
Idioma:portugués
OAI Identifier:oai:ojs2.centrodeeconomiapolitica.org:article/924
Acesso em linha:https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/924
Access Level:acceso abierto
Palavra-chave:Targets
Exchange rate
monetary aggregates
inflation
Metas
taxa de câmbio
agregados monetários
inflação
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spelling Exchange Rate, Monetary, and Inflation TargetsMetas para a taxa de câmbio, agregados monetários e inflaçãoTargetsExchange ratemonetary aggregatesinflationMetastaxa de câmbioagregados monetáriosinflaçãoSince the beginning of the Quantitative Theory of Money by David Hume, the relation between money and price level has been analyzed by monetary economists. Nowadays the search for price stability has induced the policymakers to adopt one of three monetary regimes: fixed exchange rate, monetary targeting, or inflation targeting. The present paper makes a comparative analysis among these possibilities highlighting the advantages and disadvantages that belong to each monetary regime. JEL Classification: E52; E58.Desde o início da Teoria Quantitativa da Moeda, por David Hume, a relação entre moeda e nível de preços foi analisada por economistas monetários. Atualmente, a busca por estabilidade de preços levou os formuladores de políticas a adotarem um dos três regimes monetários: taxa de câmbio fixa, metas monetárias ou metas de inflação. O presente artigo faz uma análise comparativa entre essas possibilidades, destacando as vantagens e desvantagens de cada regime monetário. Classificação JEL: E52; E58.Center of Political Economy2002-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/92410.1590/0101-31572002-1249Brazilian Journal of Political Economy; Vol. 22 No. 1 (2002): Jan-Mar / 2002; 36-54Brazilian Journal of Political Economy; v. 22 n. 1 (2002): Jan-Mar / 2002; 36-541809-45380101-3157reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_34porhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/924/2132info:eu-repo/semantics/openAccessMendonça, Helder Ferreira de2020-10-07T17:42:55Zoai:ojs2.centrodeeconomiapolitica.org:article/924Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2020-10-07T17:42:55Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Exchange Rate, Monetary, and Inflation Targets
Metas para a taxa de câmbio, agregados monetários e inflação
title Exchange Rate, Monetary, and Inflation Targets
spellingShingle Exchange Rate, Monetary, and Inflation Targets
Mendonça, Helder Ferreira de
Targets
Exchange rate
monetary aggregates
inflation
Metas
taxa de câmbio
agregados monetários
inflação
title_short Exchange Rate, Monetary, and Inflation Targets
title_full Exchange Rate, Monetary, and Inflation Targets
title_fullStr Exchange Rate, Monetary, and Inflation Targets
title_full_unstemmed Exchange Rate, Monetary, and Inflation Targets
title_sort Exchange Rate, Monetary, and Inflation Targets
dc.creator.none.fl_str_mv Mendonça, Helder Ferreira de
author Mendonça, Helder Ferreira de
author_facet Mendonça, Helder Ferreira de
author_role author
dc.subject.por.fl_str_mv Targets
Exchange rate
monetary aggregates
inflation
Metas
taxa de câmbio
agregados monetários
inflação
topic Targets
Exchange rate
monetary aggregates
inflation
Metas
taxa de câmbio
agregados monetários
inflação
description Since the beginning of the Quantitative Theory of Money by David Hume, the relation between money and price level has been analyzed by monetary economists. Nowadays the search for price stability has induced the policymakers to adopt one of three monetary regimes: fixed exchange rate, monetary targeting, or inflation targeting. The present paper makes a comparative analysis among these possibilities highlighting the advantages and disadvantages that belong to each monetary regime. JEL Classification: E52; E58.
publishDate 2002
dc.date.none.fl_str_mv 2002-01-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/924
10.1590/0101-31572002-1249
url https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/924
identifier_str_mv 10.1590/0101-31572002-1249
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/924/2132
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Center of Political Economy
publisher.none.fl_str_mv Center of Political Economy
dc.source.none.fl_str_mv Brazilian Journal of Political Economy; Vol. 22 No. 1 (2002): Jan-Mar / 2002; 36-54
Brazilian Journal of Political Economy; v. 22 n. 1 (2002): Jan-Mar / 2002; 36-54
1809-4538
0101-3157
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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score 15,301629

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