This paper estimates the Brazilian NAILO (Nonaccelerating Inflation Level of Output), obtains (Bayesian) probability bands for the Nailo and for its growth rate, and investigates the relationship between deviations of output with respect to the Nailo and the acceleration of inflation. As...

This article presents some estimates for the Non Accelerating Inflation Rate of Unemployment (NAIRU) using Brazilian data. The NAIRU is estimated using both IBGE and DIEESE data. The results show a linear Phillips curve for Brazil, and they are in line with the acceleration of inflation during...

This paper estimates the Brazilian NAILO (Nonaccelerating Inflation Level of Output), obtains (Bayesian) probability bands for the Nailo and for its growth rate, and investigates the relationship between deviations of output with respect to the Nailo and the acceleration of inflation. As...