up in the following: i) the pass-through to the next month inflation is around 0.04 percentage points (p.p.) (0.48 p ….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 …

up in the following: i) the pass-through to the next month inflation is around 0.04 percentage points (p.p.) (0.48 p ….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 …

) restrictions over the sum of the coefficients associated with inflation; b) the coefficient associated to the expectation of … inflation is greater than the coefficient associated with past inflation (which is in contrast with previous studies to the … determinants of current inflation. …

exchange rate on the price level using the Johansen procedure for co-integration. The empirical evidence indicates the …

) restrictions over the sum of the coefficients associated with inflation; b) the coefficient associated to the expectation of … inflation is greater than the coefficient associated with past inflation (which is in contrast with previous studies to the … determinants of current inflation. …