Discricionariedade vs. comprometimento: a análise de regras ótimas num contexto de regime de metas de inflação

• Ano de defesa: 2002
• Autor(a) principal: Costa, José Luciano da Silva
• Orientador(a): Leme, Maria Carolina da Silva
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Palavras-chave em Português: Monetary policy rules; Inflation targeting regime; Forward looking models; Regras de política monetária; Regime de metas de inflação
• Link de acesso: http://hdl.handle.net/10438/1808

The purpose of this dissertation is to analyze the case of monetary policy rules in models in which the a:gent's expectations are rational based in forward looking view for Inflation target regimes. The commitment and discretionary optimum solutions are derivedand applied to a rnacroeconomlc model for the Brazilian economy and the results are also compared to those obtained frorn the use of a Taylor rule. The behavior of the model, under the different rules,is analyzed using a Output-Inílatlon Trade-Off frontier and through the dynarnic analysis for different shocks, including shocks of different persistence.