The indexation of wages and bonds in Brazil
This paper analyses the dynamic relationship between the degrees of indexation of wages and public bonds in Brazil. A simple model is constructed to show that both degrees of indexation are determined simultaneously. We apply cointegration techniques and estimate error-correction representations to assess the temporal causality between them. Our results provide empirical support for the existence of simultaneity in the degrees of indexation in Brazil in the period 1980-93.
Year of publication: |
1997
|
---|---|
Authors: | Faria, Joao Ricardo ; Carneiro, Francisco. |
Published in: |
Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 29.1997, 11, p. 1459-1464
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
WORKSHOP ON THE NEW CHALLENGES TO THE ECONOMICS OF BUSINESS SCHOOLS AND UNIVERSITIES
FARIA, JOAO RICARDO, (2008)
-
WORKSHOP ON THE NEW CHALLENGES TO THE ECONOMICS OF BUSINESS SCHOOLS AND UNIVERSITIES
FARIA, JOAO RICARDO, (2008)
-
Policy Implications of Terrorism
Faria, Joao Ricardo, (2007)
- More ...