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 …

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 …

This paper estimates the Brazilian Nairu (Non-Accelerating Inflation Rate of Unemployment) and investigates several … monetary policy in Brazil. There are many recent studies about the Nairu 3/4 Staiger, Stock and Watson (1997), Blanchard and … Nairu and inflation. It also shows that the usefulness of the Nairu to the conduct of monetary policy is very limited …

exchange rate and to the medium term interest rate are for the 1999-2004 period, the most important sources of inflation rate …

When analyzing the demand for money in high inflation processes it has been suggested [Tourinho (1995)] that we should … consider not only the effects of changes in the expected inflation rate but also changes in the expected variability of … inflation. The model in Lima & Ehlers (1993) is extended here to deal more accurately with the uncertainty produced by the …

A specification for the demand for money in economies where inflation is high and stochastic is presented. It uses a … generalized functional form and includes the variance of the inflation rate as an explanatory variable, and is estimated for … Brazil in the period 1974/94 under the assumption that the monetary policy is passive and that expectations are adaptive. The …

distribution in Brazil. The inquiry tests the mechanism using the case of redistributive fiscal policy and the literature of …