Metas de inflação e consistência expectacional em um modelo com regra de juros não linear
Resumo
O principal objetivo deste artigo é construir um modelo macroeconômico de inspiração pós-keynesiana que leve em conta uma não-linearidade na regra de juros. Assume-se que a autoridade monetária considera, na determinação da taxa de juros, a interação entre a taxa de inflação e o nível de utilização da capacidade instalada, de modo que a sensibilidade da regra de juros ao hiato da inflação com relação à uma meta varia de acordo com o ciclo econômico. O arcabouço de política macroeconômica proposto no trabalho permite que a autoridade monetária possa dar peso tanto à inflação quanto ao produto sem perder de vista o papel de ancora expectacional da meta de inflação.
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