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 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...

Este artigo estuda a persistência das flutuações do crescimento econômico brasileiro com dados anuais de 1900 a 2008. Para a análise das séries são usados modelos ARFIMA e testes de raiz unitária com quebras estruturais. Os resultados indicam que ambos PIB e PIB per capita brasileiros...

Portuguese Abstract: As plataformas digitais revolucionaram o nosso cotidiano e, hoje, uma parte relevante da nossa vida é pautada pela interação em plataformas. No entanto, a verdade é que elas já não eram novidade mesmo antes da revolução digital. O mercado de dois lados, ou M2L, é...

Portuguese Abstract: Nos últimos anos, o mundo tem acompanhado a evolução dos pagamentos no mundo digital. De acordo com o Banco Mundial, dois terços dos adultos no mundo vão fazer ou receber pagamentos digitais em 2022, com crescimento mais expressivo em países em desenvolvimento, em que...

This paper tests Phillips curves using an autoregressive distributed lag (ADL) specification that encompasses the New Keynesian Phillips curve (NKPC), the Hybrid Phillips curve (HPC), the Sticky-Information Phillips curve (SIPC), and the accelerationist Phillips curve (APC). We use data from...

This paper investigates the effect of monetary and exchange rate shocks on disaggregated prices of the Brazilian Consumer Price Index (IPCA), from 1999 to 2011. We analyze the results of a factor-augmented vector autoregressive model (Favar), which are presented by different levels of...

The objective of this paper is to present the contributions of different sectors to deviations of the inflation target center from 2000 to 2013, and discuss implications for monetary policy. The contributions are measured by the Inflation Targeting deviation Contribution Index (ITCI), which is...

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...

This text proposes three adaptations related to disaggregations in the Brazilian National Consumer Price Index (IPCA) in order to provide relevant data for studies on inflation in disaggregated cuts, in monthly periodicity from August 1999 to September 2014. In the first, the compatibilization...