Política monetária no Brasil após o impeachment da presidente Dilma Rousseff em 2016.

Abstract

Monetary policy is an instrument of economic policy that has the purpose of controlling the amount of money circulating in the country's economy. In addition to monetary policy, fiscal policy is also an important instrument of economic policy, which is necessary for the government to manage its revenues and expenditures. In the year 2016 Brazil was going through an economic and political crisis, which led to the impeachment of President Dilma Rousseff. Michel Temer, vice president, took over as president of the country. In his government, fiscal policy became more evident, with measures taken to control government spending. However, it was necessary to resume the country's economic growth, initially by controlling inflation through a reduction in the Selic Rate, the monetary policy instrument most used during the short period of Michel Temer's administration. The main objective of this study was to analyze the monetary policy in the period after the impeachment of Dilma Rousseff and verify the instruments used and their effectiveness regarding the macroeconomic objectives of the new government. The study was developed with a theoretical base of authors who address monetary policy, its instruments and functions, as well as the government's actions in order to stabilize the economy. The methodology used consists of a descriptive bibliographical research, describing the political and economic context of the period, in addition to a survey of public data. Through the research conducted, it was possible to analyze the effectiveness of Brazilian monetary policy between 2016 and 2018 in relation to the country's macroeconomic objectives. The Selic Rate was the monetary policy instrument most used during the period and contributed to inflation control, as well as to the resumption of economic growth in the country.