Regime de metas de inflação no Brasil: inflação e taxa de juros dos anos de 1999 a 2006

Abstract

This work aims to contribute to the discussion on the Brazilian inflation’s targeting regime, which influences the interest rate, the Selic rate, has on the inflation index calculated from the IPCA, and conduct an evaluation of its effectiveness from 1999 to 2006. The methodological approach was characterized by a bibliographical study on the regime of inflation targeting and how it was applied in Brazil and other countries, enabling a comparative analysis of many points of view regarding the problem. The research was based on data from the Brazilian Institute of Geography and Statistics (IBGE) and the Central Bank of Brazil (BCB). Thus, it aimed to find out the reasons why the Central Bank succeeded in keeping the inflation rate within the expectations indicated in the stipulation of the target in the given period (1999-2006) and it was concluded that the adoption of the target regime of inflation in Brazil occurred in the right way, with a degree of efficiency of 62.5%.