We use changes in Brazil's tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and …. We find that an increase in Brazil's tax on foreign investment in bonds causes investors to significantly decrease their … portfolio allocations to Brazil in both bonds and equities. Investors simultaneously increase allocations to other countries …

market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank's desire to hold a sizable …

statistically significant. This is particularly so for accumulated sectoral inflation since the last price change. Once … heterogeneity and the role of accumulated inflation are acknowledged, hazard functions become mildly upward-sloping, even in a low … inflation regime. The contribution of the state-dependent variables to the pseudo-R² of our equations is, however, not …

In this paper we explore the link between the intensity of product market competition and inflation rates across EU … countries and sectors. We consider long-term averages of inflation rates in order to remove the cyclical behavior of inflation … product market competition, as proxied by the level of mark-up in particular, is an important driver of inflation …

setting behaviour of Portuguese firms. Inflation, the level of economic activity and the magnitude of the last price change …

This paper shows that inflation in industrialized countries is largely a global phenomenon. First, inflations of (22 … associated to Global Inflation is not only due to the trend components of inflation (up from 1960 to 1980 and down thereafter …) but also to fluctuations at business cycle frequencies. Second, Global Inflation is, consistently with standard models of …

The paper analyses the short-run impact of periods of strong monetary growth on inflation dynamics for 15 …