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We estimate a VAR model of the Phillips curve with an exchange rate shock to the Brazilian economy. Several different ….p. over the annualized inflation); ii) a shock on the unemployment rate lasts for 18 months; iii) a shock on the expectations … are carried to the next month inflation (0.58 p.p. over the annualized inflation); and iv) a shock on the inflation rate …
Persistent link: https://www.econbiz.de/10010330807
We estimate the Phillips curve with an exchange rate shock to the Brazilian economy. Besides panel data, we estimate … Brazilian economy); and c) in the short-run both the unemployment rate and the exchange rate shock are not important …
Persistent link: https://www.econbiz.de/10010330855
Persistent link: https://www.econbiz.de/10010330756
The aim of this study is to evaluate the potential process of early deindustrialization in Brazil, or the reduction of … reduction process of manufacturing share in the added value, which has been observed in Brazil since the 1980`s. Our major … interest is to evaluate if the overvaluation of the exchange rate in Brazil could exert some influence on this process and the …
Persistent link: https://www.econbiz.de/10010330662
This article analyzes the exchange rate misalignment in Brazil in the period between 1994 and the early 2008, exploring … estimations allowed the calculation of the exchange rate misalignment in Brazil. This shows that the exchange rate was overvalued … discusses the main causes of the exchange rate misalignment in Brazil, focusing on the recent period. In this regard, the …
Persistent link: https://www.econbiz.de/10010330858
This paper aims to estimate the equilibrium real exchange rate for the Brazilian economy. The equilibrium exchange rate is defined as the level of exchange that guarantees that the net foreign asset position is stable over time. An econometric model is estimated using cointegration techniques....
Persistent link: https://www.econbiz.de/10010330875
multilateralism and regionalism in Brazilian foreign policy is analyzed in order to identify and understand Brazil's trade negotiation … trade policy in Brazil in recent decades, explaining the adoption of a three-tracks negotiating strategy, which combines the …
Persistent link: https://www.econbiz.de/10010330427
analyze the geopolitical importance of oil, nuclear and ethanol industries evolution in Brazil, highlighting trends and …
Persistent link: https://www.econbiz.de/10010330525
The impacts of the exploration and production of large oil and gas reserves in a national economy are controversial. Several countries have shown a lack of capacity to develop based on these resources, while others achieve success. One important part of this equation are the local content rules...
Persistent link: https://www.econbiz.de/10010330777
In this paper, we use data from the National Household Survey (PNAD) for Brazil to investigate the dynamics of the … finding suggests that the falling urban wage premium has contributed to the reduction in inequality observed in Brazil in the …
Persistent link: https://www.econbiz.de/10010330902