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|c 5.00 USD
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|z 9781451945041
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Clifton, Eric.
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|a Real Interest Rate Targeting :
|b An Example From Brazil /
|c Eric Clifton.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1990.
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines a real interest rate targeting procedure based on lagged inflation similar to the policy followed by the Brazilian monetary authorities during the period November 1986 to December 1988, focusing on the issue of the determinacy of the price level. For the specific model examined, the analysis suggests that such a targeting procedure would not suffer from the frequently noted defect of nominal interest rate targeting rules of leaving the conditional expectation of the next period price level undetermined.
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|a Mode of access: Internet
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|a Interest Rate
|2 imf
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|a Policy Rule
|2 imf
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|a Real Interest Rate Policy
|2 imf
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|a Targeting Procedure
|2 imf
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|a WP
|2 imf
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|a Brazil
|2 imf
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|a IMF Working Papers; Working Paper ;
|v No. 1990/111
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1990/111/001.1990.issue-111-en.xml
|z IMF e-Library
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