recent reforms in Brazil, a country which followed a gradualist approach and was a late-starter among Latin American …

, Brazil and Uruguay, relying on high quality matched employer-employee administrative data. Downward nominal wage rigidities … are more important in Uruguay, while wage indexation is dominant in Brazil. Two regime changes are observed during the … more pronounced; and (ii) in Brazil, the introduction of inflation targeting by the Central Bank in 1999 shifts the focal …

In this article we model the inflationary inertia in Brazil, as measured by the monthly series of IPCA (Aggregate … Brazil. …