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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...
Persistent link: https://www.econbiz.de/10011372201
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...
Persistent link: https://www.econbiz.de/10010509578
Persistent link: https://www.econbiz.de/10009730202
This paper aims to discuss the determinants of Brazilian inflation measured by the Extended National Consumer Price … more influence on inflation are ordered by the so-called Inflation Targeting Pressure Index (ITPI), designed to measure the … function method, with monthly data from 1999 to 2009 to estimate the macroeconomic determinants of inflation in the 22 …
Persistent link: https://www.econbiz.de/10009268927
The evaluation of forecasts performance of market expectations about the Brazilian inflation rate (Focus survey) is …) showed that, in the period 2000.1 2005.4, several models had superior forecast ability than the mean of market inflation rate …
Persistent link: https://www.econbiz.de/10010330660
The evaluation of forecasts performance of market expectations about the Brazilian inflation rate (Focus survey) is …) showed that, in the period 2000.1 2005.4, several models had superior forecast ability than the mean of market inflation rate …
Persistent link: https://www.econbiz.de/10009231336
This paper aims to discuss the determinants of Brazilian inflation measured by the Extended National Consumer Price … more influence on inflation are ordered by the so-called Inflation Targeting Pressure Index (ITPI), designed to measure the … function method, with monthly data from 1999 to 2009 to estimate the macroeconomic determinants of inflation in the 22 …
Persistent link: https://www.econbiz.de/10010330692
Persistent link: https://www.econbiz.de/10010330933
Persistent link: https://www.econbiz.de/10001707286
Interest rate, exchange rate and the system of inflation target in Brazil. In the consensus view of the Brazilian … system of inflation targeting, the core of inflation is due to demand shocks; the rate of interest is set to control demand … core inflation comes from cost push; the interest rate affects the exchange rate; changes in the exchange rate affect costs …
Persistent link: https://www.econbiz.de/10003995390