Abstract

This note analyzes, based on a simple model, the contribution of three authors
(Rodriguez, Meltzer and Auerheimer) to the debate on inflation in Brazil and ways to overcome
it. The hypothesis of adopting a currency board regime, as suggested by the three
authors, and its implications for Brazil are discussed in more detail. As an alternative, it
is suggested to adopt a monetary regime inspired by Hayek, in which there is competition
between private banks for the issue of currency.

JEL Classification: E42; E51; E52.