IDEAS home Printed from https://ideas.repec.org/a/aft/journl/v712009janaprp84-124.html
   My bibliography  Save this article

The Neutrality Of Money And The Role Of Expectations Under The Inflation Targeting Scheme In Brazil: A Post-Keynesian View

Author

Listed:
  • Jose Caio Racy

    (Universidade Presbiteriana Mackenzie (UPM))

  • Felipe Augusto Canal da Silva

    (Universidade Presbiteriana Mackenzie (UPM))

Abstract

The main objective of this paper is discussing the neutrality of money fa-cing the post-Keynesian theory with the orthodoxy theory. The formation of expectatives by the agents in an uncertain world, over the period that con-cerns the adoption of the inflation target in Brazil, is the period about this discussion. Based on in a time series econometrical model, that aims to show whether changes on inflation are used followed on adoption of contracionist monetary policies in order to evidence the non-neutral money character.

Suggested Citation

  • Jose Caio Racy & Felipe Augusto Canal da Silva, 2009. "The Neutrality Of Money And The Role Of Expectations Under The Inflation Targeting Scheme In Brazil: A Post-Keynesian View," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 7(1), pages 84-124, january-a.
    • Handle: RePEc:aft:journl:v:7:1:2009:jan:apr:p:84-124
    DOI: -
    as

    Download full text from publisher

    File URL: https://editorarevistas.mackenzie.br/index.php/rem/article/view/511/330
    Download Restriction: no
    File URL: https://libkey.io/-?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aft:journl:v:7:1:2009:jan:apr:p:84-124. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Instituto Presbiteriano Mackenzie (IPM) (email available below). General contact details of provider: https://edirc.repec.org/data/fcmacbr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.