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This article summarizes the studies about the Phillips curve in the Brazilian economy. Overall, the results are very sensitive to the time period, to the proxies adopted, to the econometric approach, and to the frequency and lags allowed to the variables. These results cast some doubts about the...
Persistent link: https://www.econbiz.de/10011372339
unemployment on inflation seems to present in short term. In the long run, the estimations do not able to detect any impact of … unemployment on the dynamic of inflation. Finally, the structural break marks the relationship between the exchange rate and …
Persistent link: https://www.econbiz.de/10010330593
This article summarizes the studies about the Phillips curve in the Brazilian economy. Overall, the results are very sensitive to the time period, to the proxies adopted, to the econometric approach, and to the frequency and lags allowed to the variables. These results cast some doubts about the...
Persistent link: https://www.econbiz.de/10010405199
Persistent link: https://www.econbiz.de/10003909666
Persistent link: https://www.econbiz.de/10003909670
.p. over the annualized inflation); ii) a shock on the unemployment rate lasts for 18 months; iii) a shock on the expectations … has no effect over the unemployment rate. That is, more inflation does not reduce unemployment. …
Persistent link: https://www.econbiz.de/10009553780
unemployment on inflation seems to present in short term. In the long run, the estimations do not able to detect any impact of … unemployment on the dynamic of inflation. Finally, the structural break marks the relationship between the exchange rate and … ; unemployment ; exchange rate shock ; GMM-HAC method …
Persistent link: https://www.econbiz.de/10009615820
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/10009273892
Persistent link: https://www.econbiz.de/10000801024
Persistent link: https://www.econbiz.de/10000774655