{"id":"https://openalex.org/W46127982","doi":null,"title":"Inflation Targeting in Brazil: An Empirical Evaluation","display_name":"Inflation Targeting in Brazil: An Empirical Evaluation","publication_year":2002,"publication_date":"2002-01-01","ids":{"openalex":"https://openalex.org/W46127982","mag":"46127982"},"language":"es","primary_location":{"id":"pmh:oai:CiteSeerX.psu:10.1.1.506.16","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.506.16","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.ufrgs.br/ppge/pcientifica/2001_10.pdf","raw_type":"text"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"http://www.bvrie.gub.uy/local/File/REVECO/2002/Da_Silva-Portugal.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5060298693","display_name":"Marcelo E. A. da Silva","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Marcelo E. A. da Silva","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5053163528","display_name":"Marcelo Savino Portugal","orcid":"https://orcid.org/0000-0002-2132-013X","observed_orcids":["https://orcid.org/0000-0002-2132-013X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Marcelo Savino Portugal","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":5.3029,"has_fulltext":false,"cited_by_count":17,"citation_normalized_percentile":{"value":0.95492764,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":"9","issue":"2","first_page":"85","last_page":"122"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inflation-targeting","display_name":"inflation targeting","score":0.9990000128746033},{"id":"https://openalex.org/keywords/taylor-rule","display_name":"Taylor rule","score":0.8090000152587891},{"id":"https://openalex.org/keywords/monetary-policy-effectiveness","display_name":"monetary policy effectiveness","score":0.7710000276565552},{"id":"https://openalex.org/keywords/brazil","display_name":"Brazil","score":0.4819999933242798},{"id":"https://openalex.org/keywords/real-plan","display_name":"Real Plan","score":0.8600000143051147},{"id":"https://openalex.org/keywords/price-stability","display_name":"price stability","score":0.8640000224113464},{"id":"https://openalex.org/keywords/currency-devaluation","display_name":"currency devaluation","score":0.9800000190734863},{"id":"https://openalex.org/keywords/out-of-sample-forecasting","display_name":"out-of-sample forecasting","score":0.8759999871253967},{"id":"https://openalex.org/keywords/central-bank-reaction-function","display_name":"central bank reaction function","score":0.5019999742507935}],"concepts":[{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6891301274299622},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6517868041992188},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6234650611877441},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5997362732887268},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5539113283157349},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.5392730236053467},{"id":"https://openalex.org/C70455891","wikidata":"https://www.wikidata.org/wiki/Q220788","display_name":"Devaluation","level":3,"score":0.49452564120292664},{"id":"https://openalex.org/C185782297","wikidata":"https://www.wikidata.org/wiki/Q2142538","display_name":"Relative price","level":2,"score":0.44707056879997253},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.4113399386405945},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.26449286937713623},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.23646679520606995},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:CiteSeerX.psu:10.1.1.506.16","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.506.16","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.ufrgs.br/ppge/pcientifica/2001_10.pdf","raw_type":"text"},{"id":"mag:46127982","doi":null,"is_oa":true,"landing_page_url":"http://www.bvrie.gub.uy/local/File/REVECO/2002/Da_Silva-Portugal.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4210185312","display_name":"Revista de Econom\u00eda Facultad de Econom\u00eda Universidad Aut\u00f3noma de Yucat\u00e1n","issn_l":"2395-8715","issn":["2395-8715"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","latindex","scielo"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Revista de Econom\u00eda Facultad de Econom\u00eda Universidad Aut\u00f3noma de Yucat\u00e1n","raw_type":null}],"best_oa_location":{"id":"mag:46127982","doi":null,"is_oa":true,"landing_page_url":"http://www.bvrie.gub.uy/local/File/REVECO/2002/Da_Silva-Portugal.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4210185312","display_name":"Revista de Econom\u00eda Facultad de Econom\u00eda Universidad Aut\u00f3noma de Yucat\u00e1n","issn_l":"2395-8715","issn":["2395-8715"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","latindex","scielo"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Revista de Econom\u00eda Facultad de Econom\u00eda Universidad Aut\u00f3noma de Yucat\u00e1n","raw_type":null},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.6800000071525574,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":26,"referenced_works":["https://openalex.org/W62316086","https://openalex.org/W1486894161","https://openalex.org/W1493910873","https://openalex.org/W1499901685","https://openalex.org/W1529410011","https://openalex.org/W1590363542","https://openalex.org/W1879094222","https://openalex.org/W2032407681","https://openalex.org/W2034251039","https://openalex.org/W2052982770","https://openalex.org/W2084829349","https://openalex.org/W2093335023","https://openalex.org/W2095699421","https://openalex.org/W2108122190","https://openalex.org/W2109501913","https://openalex.org/W2133484868","https://openalex.org/W2140138058","https://openalex.org/W2148806103","https://openalex.org/W2165289471","https://openalex.org/W2169417293","https://openalex.org/W3022765804","https://openalex.org/W3023652150","https://openalex.org/W3025871652","https://openalex.org/W3123949599","https://openalex.org/W3125457020","https://openalex.org/W3125780895"],"related_works":["https://openalex.org/W7112975826","https://openalex.org/W7095416601","https://openalex.org/W7097293442","https://openalex.org/W2244274281","https://openalex.org/W1729532074","https://openalex.org/W2102708721","https://openalex.org/W3026254955","https://openalex.org/W3121690601","https://openalex.org/W1550912962","https://openalex.org/W7001146519"],"abstract_inverted_index":{"In":[0],"this":[1,17],"paper":[2],"we":[3,19,24,46],"implement":[4],"some":[5],"initial":[6,88],"tests":[7],"on":[8],"the":[9,77,87,107,112],"effectiveness":[10],"of":[11,39,80,90],"inflation":[12,43,91,99],"targeting":[13,92,100],"in":[14,36,116],"Brazil.":[15],"For":[16],"purpose,":[18],"use":[20],"two":[21,48,60],"approaches.":[22],"Firstly,":[23],"estimate":[25],"a":[26,34,53,117],"Taylor":[27],"style":[28],"reaction":[29],"function,":[30],"and":[31,42,55],"look":[32],"for":[33],"change":[35],"relative":[37],"weights":[38],"real":[40],"activity":[41],"terms.":[44],"Secondly,":[45],"obtain":[47],"Vector":[49],"Auto-Regression":[50],"(VAR)":[51],"models,":[52],"restricted":[54],"an":[56,66,102],"unrestricted":[57],"one.":[58],"The":[59,70],"models":[61],"are":[62],"used":[63],"to":[64,76,84,105],"perform":[65],"out-of-sample":[67],"forecasting":[68],"exercise.":[69],"results,":[71],"although":[72],"still":[73],"preliminary":[74],"due":[75],"short":[78],"span":[79],"data,":[81],"allow":[82],"us":[83],"conclude":[85],"that":[86,98],"impact":[89],"was":[93,101],"positive.":[94],"Our":[95],"results":[96],"indicate":[97],"important":[103],"mechanism":[104],"keep":[106],"price":[108],"stability":[109],"obtained":[110],"after":[111],"Real":[113],"Plan,":[114],"even":[115],"sharp":[118],"exchange":[119],"rate":[120],"devaluation":[121],"context.":[122]},"counts_by_year":[{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2016-06-24T00:00:00"}