Economia
Charles Plosser, Presidente do Federal Reserve Bank of Philadelphia explica o que Bernake (provavelmente) irá fazer:
“If the growth rates of employment and output begin to accelerate or if inflation or inflation expectations begin to rise, then it may be time to begin taking our foot off the accelerator”
É óbvio que não faz sentido continuar com QE2 se o estado da economia melhorar. Mas não é tão óbvio assim o próximo comentário:
“It is likely that much of the rise in global commodity prices is driven by increased global demand... a rise in commodity or other input prices does not directly cause more general sustained inflation... if a country’s monetary policy remains very accommodative, it will ultimately permit the prices of other goods and services to rise along with commodity prices, resulting in higher inflation rates.”
Adivinhe quem já escreveu sobre coisa parecida (preço do petróleo) antes?
- Ler Os Outros: Inflation And Debt (wonkish) - Paul Krugman
Não perder este post sobre em que Krugman comenta uma caixa do capítulo I do Economic Outrlook da OCDE sobre o efeito da inflação sobre a dívida pública (os negritos são meus): "the report has a box dismissing the possibility that a higher inflation...
- Full Metal Jacket
• Unlike some of its Latin American peers, Brazil has never managed to actually get inflation fluctuating symmetrically around the target. Typically the distribution of observed inflation deviation from the target has been tilted to the right, indicating...
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An argument that has been floated recently, to the point of meriting the dubious honor of being officially dismissed in the Copom minutes, is that the increase in foodstuff prices would have an effect on Brazilian consumption similar to the increase in...
Economia
Óbvio e Nem Tão Óbvio Assim
Charles Plosser, Presidente do Federal Reserve Bank of Philadelphia explica o que Bernake (provavelmente) irá fazer:
“If the growth rates of employment and output begin to accelerate or if inflation or inflation expectations begin to rise, then it may be time to begin taking our foot off the accelerator”
É óbvio que não faz sentido continuar com QE2 se o estado da economia melhorar. Mas não é tão óbvio assim o próximo comentário:
“It is likely that much of the rise in global commodity prices is driven by increased global demand... a rise in commodity or other input prices does not directly cause more general sustained inflation... if a country’s monetary policy remains very accommodative, it will ultimately permit the prices of other goods and services to rise along with commodity prices, resulting in higher inflation rates.”
Adivinhe quem já escreveu sobre coisa parecida (preço do petróleo) antes?
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- Ler Os Outros: Inflation And Debt (wonkish) - Paul Krugman
Não perder este post sobre em que Krugman comenta uma caixa do capítulo I do Economic Outrlook da OCDE sobre o efeito da inflação sobre a dívida pública (os negritos são meus): "the report has a box dismissing the possibility that a higher inflation...
- Full Metal Jacket
• Unlike some of its Latin American peers, Brazil has never managed to actually get inflation fluctuating symmetrically around the target. Typically the distribution of observed inflation deviation from the target has been tilted to the right, indicating...
- The Tide, The Wave, The Crest
• Brazilian exports enjoyed a phenomenal run during the last 10 years, even facing a major international crisis in 2009: deducting dollar inflation (PPI), they rose at an astounding pace of 12% per annum, while the preceding 10 years growth averaged...
- Mutatis Mutandis (ou, Poupando O Trabalho Da "the Economist")
Five years ago a shipload of iron ore bought 2,200 flatscreen TVs, says Glenn Stevens Alexandre Tombini, governor of the Reserve Bank of Australia (RBA) Brazilian Central Bank (BCB). Now it buys 22,000. The terms of Australia Brazil's trade—the...
- Yada, Yada, Yada
An argument that has been floated recently, to the point of meriting the dubious honor of being officially dismissed in the Copom minutes, is that the increase in foodstuff prices would have an effect on Brazilian consumption similar to the increase in...