Inflation Targeting, Debt, and the Brazilian Experience, 1999 to 2003
Francesco Giavazzi is Professor of Economics at Bocconi University and Visiting Professor at MIT. He is the coauthor (with Alberto Giovannini) of Limiting Exchange Rate Flexibility: The European Monetary System (MIT Press, 1989).
Ilan Goldfajn is Professor of Economics at Pontificia Unversidade Cátolica do Rio de Janeiro and a partner at Gavea Investimentos. He was Deputy Governor for Economic Policy at the Central Bank of Brazil from 2000 to 2003.
3: Inflation Targeting and Debt