The credibility of the monetary policy in Brazil: An econometric time series analysis approach by Cecília Melo Fernandes (9/2013) published by Universiteit Van Amsterdam. “Much has been speculated about the credibility of Brazil’s monetary policy. In recent years, the central bank has been struggling with controlling inflation. Furthermore, declarations and measures by the government were interpreted as interventions in the monetary policy, and consequently as a threat to the independence of the central bank…
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