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...