Browsing Rede de Pesquisa e Conhecimento Aplicado by Subject "Política monetária"
Now showing items 1-4 of 4
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Inflation targeting under fiscal fragility
2020-07Indebted policymakers have a limited budget and are subject to inflationary shocks forcing them to either (i) increase interest rate to have inflation on the pre-announced target or (ii) accept higher inflation. We model ... -
Money and credit remix
2018-02-19Gu, Mattesini, and Wright (2016) show that credit is irrelevant in a monetary economy with permanent buyer and seller types. In particular, the size of debt limits do not matter for the determination of real allocations. ... -
On the origins of monetary exchange
2017-05-30





