Reputação, credibilidade e transparência da autoridade monetária : a eficácia da política monetária sob a hipótese da não-neutralidade da moeda

Abstract

The thesis aims to deepen the understanding of how economic agents form their expectations and how these are influenced by elements related to those responsible for the monetary policy application, and thus, how economic performance is influenced by these elements and by expectations and decisions from the agents. Although the thesis approaches the influence from the trinomial reputation-credibility-transparency upon an economy under inflation targeting, it notes the role and importance of reputation. The thesis performs the analysis of two distinct aspects about reputation: 1) its strength, and, 2) its kind.