Detalhes bibliográficos
Ano de defesa: |
2009 |
Autor(a) principal: |
Habe, James Hiroshi
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Orientador(a): |
Gadelha, Regina Maria d'Aquino Fonseca |
Banca de defesa: |
Não Informado pela instituição |
Tipo de documento: |
Dissertação
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Tipo de acesso: |
Acesso aberto |
Idioma: |
por |
Instituição de defesa: |
Pontifícia Universidade Católica de São Paulo
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Programa de Pós-Graduação: |
Programa de Estudos Pós-Graduados em Economia Política
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Departamento: |
Economia
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País: |
BR
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Palavras-chave em Português: |
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Palavras-chave em Inglês: |
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Área do conhecimento CNPq: |
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Link de acesso: |
https://tede2.pucsp.br/handle/handle/9369
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Resumo: |
Price stability brought to the Brazilian economy a new reality. What was the relationship between price and exchange rate necessary to achieve the new scenario? The exchange rate anchor was the instrument used to reach the price stability. In 1995 managed exchanged rates biased the prices. In 1999 the regime of exchange rate anchor changed to inflation target. The modification in regimes could have altered the relationship between exchange rates and prices. Econometric tests, using monthly exchange rate data, provided evidence of a connection among exchange rates and prices. From 1999 forward, the relations among consumer prices (IPCA) happen through wholesale prices (IPA). The separation of the IPCA in two groups allowed the verification of major influence in monitored prices then in market prices, increasing the IPCA and affecting the monetary policy decision |