Now showing items 1-4 of 4

    • Inflation targeting under fiscal fragility 

      Araújo, Aloísio Pessoa de; Santos, Rafael; Lins, Paulo de Carvalho; Valk, Serge de
      2020-07
      Indebted 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 

      Araújo, Luis; Ferraris, Leo
      2018-02-19
      Gu, 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 

      Araujo, Luis Fernando Oliveira de; Bignon, Vincent; Breton, Régis; Camargo, Bráz Ministério de
      2017-05-30
    • What measure of inflation should a developing country central bank target? 

      Anand, Rahul; Prasad, Eswar S.; Zhang, Boyang
      2015