Modenesi, Andr de Melo; Martins, Norberto Montani; … - In: Journal of Post Keynesian Economics 35 (2013) 3, pp. 463-482
With the purpose of evaluating Brazilian Central Bank's (BCB) conduct of monetary policy after the adoption of inflation targeting (IT), we estimate a modified version of the Taylor rule for the Brazilian economy in the period 2000-2010. The term modified refers to an important innovation with...