Lima, Elcyon Caiado Rocha - Instituto de Pesquisa Econômica Aplicada (IPEA), … - 2015
This paper estimates the Brazilian Nairu (Non-Accelerating Inflation Rate of Unemployment) and investigates several empirical questions: the behavior of Nairu along time, error bands for Nairu and the usefulness of Nairu to the conduct of monetary policy in Brazil. There are many recent studies...