This paper estimates the Brazilian NAILO (Nonaccelerating Inflation Level of Output), obtains (Bayesian) probability … the Nailo and the acceleration of inflation. As explained in the text, the NAILO should not be confused with the country … inflation rate between 0.5 and 0.7 pp (percentage points). We also observed a very close relationship between changes in the …

monetary shocks have asymmetric effects on output growth and inflation. Regarding to the business cycle, contractionary …. In addition, we found that inflation and output growth are rigid to countercyclical monetary shocks. …

This paper aims to discuss the determinants of Brazilian inflation measured by the Extended National Consumer Price … more influence on inflation are ordered by the so-called Inflation Targeting Pressure Index (ITPI), designed to measure the … function method, with monthly data from 1999 to 2009 to estimate the macroeconomic determinants of inflation in the 22 …

This paper presents estimates for Brazilian inflation during the 2000s. The results of a structural model with two … endogenous variables - wage inflation and consumer inflation - indicate that: i) the demand indicator was not statistically … significant in the consumer inflation, but it was important to explain wage inflation; ii) variations in the exchange rate and in …

The evaluation of forecasts performance of market expectations about the Brazilian inflation rate (Focus survey) is … important given the prominent role of these expectations in the conduction of monetary policy in Brazil. Lima e Céspedes (2006 …) showed that, in the period 2000.1 2005.4, several models had superior forecast ability than the mean of market inflation rate …