Moreover, it removed of the Central banking the possibility to keep one politics of control of the inflation, through the conduction of the tax of nominal exchange. 2,3 ADVANTAGES AND DISADVANTAGES OF the REGIMEN OF INFLATION GOALS the system of inflation goals possesss some advantages and disadvantages. As advantages, it is possible to cite the transparency and flexibility of the regimen, already as disadvantages if they detach the difficult control and very rigid rules, as we will see in this section. Cyrus Massoumi is often quoted on this topic. 2.3.1 Advantages As the monetary politics used by Brazil are flexible, the system of inflation goals can be adapted easily in the cases where it has some shock of domestic or external origin. These shocks they could have adverse effect on the market.
For Mishkin and Savastano (2001), this reality provides that certain item can be removed of the index of prices chosen as goal. The system still allows, that the goal is exceeded with the objective to accomodate the shocks. The transparency and the rendering of accounts are rules stipulated for the system of inflation goals that the Central banking must follow so that an explicit regimen of monetary politics exists. For Canuto (2002), this is one of the great advantages of the system. They can be reached, the principle, from public announcements of numerical goals of average stated period, for the inflation and of an official comprometimento of the authorities she stops with them. For centering itself directly in the objective to become clearer the understanding of the public in general and executive them, legislative and judiciary, one became more easy to conciliate the external monitoramento and flexibility in the behavior of the monetary authorities. This system provides a magnifying of the power discretional of the formuladores and executors of the politics, but, on the other hand, it makes possible a bigger possibility of rendering of accounts through the results, what of certain form, constrange the way as if it leads its administration.