A REGRA DE TAYLOR ESTRUTURALISTA APLICADA A ECONOMIA BRASILEIRA ENTRE 2003 À 2015

Authors

  • Douglas Alcantara Alencar Unesp Araraquara
  • Joás Lima Universidade Federal do Rio de Janeiro (PPGE-UFRJ)
  • Emanoelle Luz Universidade Federal do Pará (UFPA)
  • Wallace Pereira Universidade Federal do Pará (UFPA)

Abstract

The Taylor Rule is currently shown to be an important tool for conducting macroeconomic policy in many emerging countries. However, its simple structure, taking into account only exogenous variations without considering the vicissitudes present on the side of the real economy, make it a measure still incomplete. The structuralist Taylor Rule in this article is an alternative proposal for driving the real economy that seeks to take into account the strong impacts generated by the functional distribution between profits and wages, taking the participation of wages as the fundamental component for the decisions of the Central Bank.

Downloads

Download data is not yet available.

References

ALMEIDA, Fernando Teles de Freitas. (2014). Uma visão ampla sobre a regra de Taylor para políticas monetárias. Recuperado de https://bdm.unb.br/handle/10483/8430

ALARCO TOSONI, Germán. (2014). Participación salarial y crecimiento económico en América Latina, 1950-2011. Revista de la CEPAL, v. 2014, n. 113, p. 43-60. Recuperado de http://hdl.handle.net/11362/36958

BARBOSA-FILHO, Nelson H. (2014). A structuralist inflation curve. metroeconomica, v. 65, n. 2, p. 349-376. Recuperado de: https://doi.org/10.1111/meca.12046

BARRO, Robert J.; GORDON, David B. (1983). Rules, discretion and reputation in a model of monetary policy. Journal of monetary economics, v. 12, n. 1, p. 101-121. doi: 10.3386/w1079

BLANCHARD, O. (2000). Macroeconomics. Prentice Hall.

BRESSER-PEREIRA, L.C. e NAKANO, Y. (2002). Uma estratégia de desenvolvimento com estabilidade. São Paulo. doi: 10.1590/0101-31572002-1246

BRESSER-PEREIRA, L. C; NAKANO, Y. (1980). Inflação e recessão. P. 119-145.São Paulo: Brasiliense.

CARLIN, W.; SOSKICE, D. (2005). Macroeconomics: Imperfections, Institutions and Policies. OUP Catalogue.

CAETANO, Sidney Martins; SILVA JR, Geraldo Edmundo; CORRÊA, Wilson Luiz Rotatori. (2011). Abordagem discreta para a dinâmica da taxa Selic-meta. Economia Aplicada, v. 15, n. 2, p. 199-221. Recuperado de https://doi.org/10.1590/S1413-80502011000200003

CAVALCANTI, José Euclides Alhadas. (1997). Distribuição setorial da renda: seus efeitos de indução na economia brasileira. Pesquisa e Planejamento Econômico, 27.1, 141-184.

CARNEIRO, Ricardo de Medeiros et al. (1991). Crise, estagnação e hiperinflação:(a economia brasileira nos anos 80). Recuperado de http://repositorio.unicamp.br/jspui/handle/REPOSIP/286292

CERQUEIRA, Antonio Claudio.; LIBÂNIO, Gilberto. (2016). Proposição e estimação de uma Curva de Phillips estruturalista pós-keynesiana. Belo Horizonte: UFMG/CEDEPLAR.

DORNBUSCH, Rudiger; FISCHER, Stanley; STARTZ, Richard. (2009). Macroeconomia. 10ª edição. São Paulo.

DEQUECH, D. (2008). Conventions, conformity, and deviation: a preliminary discussion. Kansas City, Anais do 10th Internacional Post Keynesian Conference.

GUJARATI, D. N., & Porter, D. C. (2011). Econometria Básica. Porto Alegre: McGraw-Hill Companies.

HUMPHREY, Thomas M. (1985). The early history of the Phillips curve. Economic review, v. 71, n. 5, p. 17-24.

KALECKI, Michał. (2013). Theory of economic dynamics. Routledge.

KYDLAND, Finn E.; PRESCOTT, Edward C. (1977) Rules rather than discretion: The inconsistency of optimal plans. Journal of political economy, v. 85, n. 3, p. 473-491. Recuperado de https://www.jstor.org/stable/1830193

KOZICKI, Sharon et al. (1999). How useful are Taylor rules for monetary policy?. Economic Review-Federal Reserve Bank of Kansas City, v. 84, p. 5-34.

LAVOIE, Marc. (2014). Post-Keynesian economics: new foundations. Edward Elgar Publishing.

MORGAN, Jamie. (2009). The limits of central bank policy: economic crisis and the challenge of effective solutions. Cambridge Journal of Economics, v. 33, n. 4, p. 581-608. Recuperado de https://doi.org/10.1093/cje/bep026

OREIRO, José Luiz; DE PAULA, Luiz Fernando. (2021).Macroeconomia da Estagnação Brasileira. Alta Books.

PALLEY, Thomas. (1996). Post Keynesian economics: debt, distribution and the macro economy. Springer.

TAYLOR, J. B. (1993). Discretion versus policy rules in practice. Carnegie Rochester Conference Series on Public Policy, volume 39. Recuperado de https://doi.org/10.1016/0167-2231(93)90009-L

TAYLOR, J.B. (2000). Using Monetary Policy Rules in Emerging Market Economies. California: Stanford University.

Published

2023-11-30

How to Cite

Alencar, D. A., Lima, J., Luz, E., & Pereira, W. (2023). A REGRA DE TAYLOR ESTRUTURALISTA APLICADA A ECONOMIA BRASILEIRA ENTRE 2003 À 2015. Revista De Economia Mackenzie, 20(2), 92–116. Retrieved from http://editorarevistas.mackenzie.br/index.php/rem/article/view/15983

Issue

Section

Artigos