The paper discusses the impacts of an inflation target regime on growth, distribution and stability in an open economy … from a Post-Keynesian perspective. The model combines a conflicting claims theory of inflation, changes in the rate of … growth and employment – there exists a trade-off between the inflation rate and the growth rate. A monetary rule that takes …

This paper investigates the presence of non-linear mechanisms of the pass- through from exchange rate to inflation in …

This paper estimates the Brazilian NAILO (Nonaccelerating Inflation Level of Output), obtains (Bayesian) probability … the Nailo and the acceleration of inflation. As explained in the text, the NAILO should not be confused with the country … inflation rate between 0.5 and 0.7 pp (percentage points). We also observed a very close relationship between changes in the …

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. …