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The real exchange rate (RER) can be considered one of the most important relative price of economics, given the influence it exerts on many other prices and variables, and may be overvalued, among other factors, as a symptom of the existence of a Dutch disease process. Thus, seeking to prove...
Persistent link: https://www.econbiz.de/10010403982
This paper tests Phillips curves using an autoregressive distributed lag (ADL) specification that encompasses the New Keynesian Phillips curve (NKPC), the Hybrid Phillips curve (HPC), the Sticky-Information Phillips curve (SIPC), and the accelerationist Phillips curve (APC). We use data from...
Persistent link: https://www.econbiz.de/10010406311
In this study we examine how the use of private and public transport has changed since the early 2000s in Brazilian cities. We analyzed data on the changing patterns of consumption of transportation goods and services by Brazilian families over the last 20 years. We also analyzed how urban...
Persistent link: https://www.econbiz.de/10012613120