Inflation Bias: an appraisal

Vol. 25 No. 2 (2005)

Apr-Jun / 2005
Published April 1, 2005

How to Cite

Mendonça, Helder Ferreira de. 2005. “Inflation Bias: An Appraisal”. Brazilian Journal of Political Economy 25 (2):96-100.

Inflation Bias: an appraisal

Helder Ferreira de Mendonça
Professor, Departament of Economics, Universidade Federal Fluminense and CNPq researcher
Brazilian Journal of Political Economy, Vol. 25 No. 2 (2005), Apr-Jun / 2005, Pages 96-100


This short paper offers a brief appraisal of the conventional inflation bias and Cukierman’s new inflation bias. It may also be seen that a lack of equilibrium in the balance of payments represents another reason for the emergence of the inflationary bias in an economy.

JEL Classification: E31, E52.

Keywords: Inflation Bias Rules versus Discretion Inflation