Economia
Paul Volcker explica: "...What we know, or should know, from the past is that once inflation becomes anticipated and ingrained — as it eventually would — then the stimulating effects are lost. Once an independent central bank does not simply tolerate a low level of inflation as consistent with “stability,” but invokes inflation as a policy, it becomes very difficult to eliminate.
It is precisely the common experience with this inflation dynamic that has led central banks around the world to place prime importance on price stability. They do so not at the expense of a strong productive economy. They do it because experience confirms that price stability — and the expectation of that stability — is a key element in keeping interest rates low and sustaining a strong, expanding, fully employed economy..."
Mais
Leia também: "Inflação: causas e consequências"
- Simposio Em Rio Sobre O Futuro De Bancos Centrais
The Future of Central Banking: Inflation Targeting versus Financial Stability The Challenge The global financial crisis 2008-2009 led to a profound rethinking of the pre-crisis monetary policy consensus. Since the great moderation...
- Metas Da Inflação
Inflation Targeting Hits the WallMises Daily:Wednesday, February 01, 2012 by Antony P. MuellerThe financial-market crisis is not over but has grown into a vicious sovereign-debt crisis. Nevertheless, monetary policy makers of the major economies go on...
- Tarde Demais?
May 27 (Bloomberg) -- Henrique Meirelles, Brazil’s longest serving head of the central bank, said he’s “confident” inflation will meet the nation’s target because the country has already started raising interest rates.... Policy makers...
- As Orígens Da Crise
John B. Taylor identifica a política monetária excessiva como a causa da crise:"... Monetary excesses were the main cause of the boom. The Fed held its target interest rate, especially in 2003-2005, well below known monetary guidelines that say what...
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O governo brasileiro tomou a decisão correta em 2003 ? O Blanchard fez as contas e concluiu que : This paper argues that this is the situation the Brazilian economy found itself in in 2002 and 2003. It presents a model of the interaction between...
Economia
O poder destrutivo da inflação
Paul Volcker explica: "...What we know, or should know, from the past is that once inflation becomes anticipated and ingrained — as it eventually would — then the stimulating effects are lost. Once an independent central bank does not simply tolerate a low level of inflation as consistent with “stability,” but invokes inflation as a policy, it becomes very difficult to eliminate.
It is precisely the common experience with this inflation dynamic that has led central banks around the world to place prime importance on price stability. They do so not at the expense of a strong productive economy. They do it because experience confirms that price stability — and the expectation of that stability — is a key element in keeping interest rates low and sustaining a strong, expanding, fully employed economy..."
Mais
Leia também: "Inflação: causas e consequências"
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- Simposio Em Rio Sobre O Futuro De Bancos Centrais
The Future of Central Banking: Inflation Targeting versus Financial Stability The Challenge The global financial crisis 2008-2009 led to a profound rethinking of the pre-crisis monetary policy consensus. Since the great moderation...
- Metas Da Inflação
Inflation Targeting Hits the WallMises Daily:Wednesday, February 01, 2012 by Antony P. MuellerThe financial-market crisis is not over but has grown into a vicious sovereign-debt crisis. Nevertheless, monetary policy makers of the major economies go on...
- Tarde Demais?
May 27 (Bloomberg) -- Henrique Meirelles, Brazil’s longest serving head of the central bank, said he’s “confident” inflation will meet the nation’s target because the country has already started raising interest rates.... Policy makers...
- As Orígens Da Crise
John B. Taylor identifica a política monetária excessiva como a causa da crise:"... Monetary excesses were the main cause of the boom. The Fed held its target interest rate, especially in 2003-2005, well below known monetary guidelines that say what...
-
O governo brasileiro tomou a decisão correta em 2003 ? O Blanchard fez as contas e concluiu que : This paper argues that this is the situation the Brazilian economy found itself in in 2002 and 2003. It presents a model of the interaction between...