An evaluation of private forecasts of interest rate targets in Brazil |
| |
| Authors: | Hamid BaghestaniCassia Marchon |
| |
| Institution: | Department of Economics, School of Business and Management, American University of Sharjah, P.O. Box 26666, Sharjah, United Arab Emirates |
| |
| Abstract: | This study shows that the private sector accurately predicts short-term interest rate targets set by the Brazilian monetary authorities. With increased transparency under inflation targeting, such evidence suggests that the public perceives the central bank as credible. |
| |
| Keywords: | E4 E5 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
