Quinze anos de rigidez monetária no Brasil pós Plano Real: uma agenda de pesquisa

v. 32 n. 3 (2012)

Jul-Set / 2012
Publicado em julho 1, 2012
PDF-Portuguese
PDF-Portuguese

Como Citar

de Melo Modenesi, André, e Rui Lyrio Modenesi. 2012. “Quinze Anos De Rigidez monetária No Brasil pós Plano Real: Uma Agenda De Pesquisa”. Brazilian Journal of Political Economy 32 (3):389-411. https://bjpe.org.br/repojs/index.php/journal/article/view/360.

Quinze anos de rigidez monetária no Brasil pós Plano Real: uma agenda de pesquisa

André de Melo Modenesi
Professor da UFRJ, pesquisador do CNPq e diretor da Associação Keynesiana Brasileira.
Rui Lyrio Modenesi
Economista.
Brazilian Journal of Political Economy, v. 32 n. 3 (2012), Jul-Set / 2012, Pages 389-411

Resumo

The paper makes a review of literature and a research agenda on the anomaly of Brazilian monetary policy. Following a retrospect of the first 15 years after the Real Plan, there is a review of studies aiming to explain the high real interest rate. None of the summarized theses can completely explain the phenomenon. The main research opportunities are: deepening of empirical evidence of monetary policy efficacy loss; improvement in mensuration of its inefficacy; and improvement of alternative instruments to control inflation. The field of political economy is also fertile. One should assess the relevance of oligopolies as an explaining factor of persistence of high inflation.

JEL Classification: E31.


Palavras-chave: inflação política monetária Selic