are estimated, GMM estimators are almost always used. We examine the validity of using likelihood based estimation in this … context by comparing the small sample properties of a Bayesian estimator to those of GMM. Our baseline studies estimators of a …

manufacturing affiliates of U.S. multinationals in Argentina, Brazil, and Mexico. The results of these tests show that the …

In this paper, we consider whether long-term inflation expectations have become better anchored in Brazil, Chile, and … first to examine the evidence from Brazil and Mexico, making use of the fact that markets for longterm government debt have …, consumer prices, or real activity variables. Finally, long-run inflation expectations in Brazil appear to have been less well …