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This paper investigates the sources of structural change in the Brazilian economy in the 2000s. On that purpose, it uses the input-output structural decomposition analysis and introduces a method to correct the influence of prices on the time behavior of the technical coefficients, making them...
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fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary … that the low-frequency relationship between the fiscal stance and inflation is low during periods of an independent central … illustrate the mechanisms through which fiscal actions affect inflation in the long run. The findings from the DSGE model suggest …
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We use a representative online survey to investigate the inflation expectations of German consumers and the credibility … of the ECB's inflation target during the recent high inflation period. We find that credibility has trended downwards … since summer 2021, reaching an all-time low in April 2022. The high correlation between inflation expectations and the …
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This paper contrasts empirically four leading models of inflation dynamics - the accelerationist Phillips curve (APC … by the NKPC, HPC and SIPC are rejected for the period after the Real Plan in Brazil. Only the restrictions implied by the …
Persistent link: https://www.econbiz.de/10012061223
decades. Inflation reached unprecedented levels and economic growth declined considerably. Despite the overall perception that … macroeconomic performance is closely related to poverty and inequality, very few quantitative estimates are available in Brazil and … estimates using aggregated and pooling time series reveal that inflation seems to have little association with inequality and …
Persistent link: https://www.econbiz.de/10012007729