.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 …We estimate a VAR model of the Phillips curve with an exchange rate shock to the Brazilian economy. Several different …

We estimate the Phillips curve with an exchange rate shock to the Brazilian economy. Besides panel data, we estimate …) 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 …