01766cas a2200313 a 4500 AALejournalIMF000917 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451945041 1018-5941 BD-DhAAL BD-DhAAL Clifton, Eric. Real Interest Rate Targeting : An Example From Brazil / Eric Clifton. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Interest Rate imf Policy Rule imf Real Interest Rate Policy imf Targeting Procedure imf WP imf Brazil imf IMF Working Papers; Working Paper ; No. 1990/111 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/111/001.1990.issue-111-en.xml IMF e-Library