Legal structures have a direct impact on inflation expectations, because law can provide institutional protection to public goods, such as price and financial stability. Properly designed and executed, institutional reform could also increase BCB accountability to society at large while guarding against undue political influence and lobbying by the big banks.
法律授权巴西央行独立将有助于货币信心，这是非正式独立不能带来的。法律结构对通胀预期有直接影响，因为法律可以提供公共品（如价格和金融稳定）的制度性保护。精心设计、合理实施的制度改革还能增加巴西央行的总体社会可问责性，同时抵御过度政治干预和大银行的游说。