---
title: Target and Path Surprises in Brazil: Monetary Policy Announcements, Yield Curves, and Inflation Expectations
url: https://www.ml-quant.com/papers/repec/cdp-texdis-td705/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-11-06
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:cdp:texdis:td705
source_url: https://econpapers.repec.org/RePEc:cdp:texdis:td705
featured: 2026-11-06
citations: unknown
topic: Macro-Finance & Rates
---


# Target and Path Surprises in Brazil: Monetary Policy Announcements, Yield Curves, and Inflation Expectations

Analysis of COPOM announcements reveals target and path surprises move the yield curve differently, with nonlinear effects and sign asymmetries in inflation expectation responses.

- Source: https://econpapers.repec.org/RePEc:cdp:texdis:td705
- Identifier: RePEc:cdp:texdis:td705
- Released: 2026-11-02
- First featured: Quant Letter No. 138 (2026-11-06): https://www.ml-quant.com/issues/2026-11-06/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Macro-Finance & Rates
- Authors: Frederico Bastone, Mauro Sayar Ferreira

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