the fluctuation of unemployment. The literature measures the importance of a flow such as the proportion of the variance … of long-term or stationary unemployment that is explained by the fluctuation of this component. This result is useful for … analyzing short-term unemployment when long-term unemployment is a good proxy for short-term unemployment. Our contribution was …

the fluctuation of unemployment. The literature measures the importance of a flow such as the proportion of the variance … of long-term or stationary unemployment that is explained by the fluctuation of this component. This result is useful for … analyzing short-term unemployment when long-term unemployment is a good proxy for short-term unemployment. Our contribution was …

.p. over the annualized inflation); ii) a shock on the unemployment rate lasts for 18 months; iii) a shock on the expectations …We estimate a VAR model of the Phillips curve with an exchange rate shock to the Brazilian economy. Several different … are carried to the next month inflation (0.58 p.p. over the annualized inflation); and iv) a shock on the inflation rate …

Brazilian economy); and c) in the short-run both the unemployment rate and the exchange rate shock are not important …We estimate the Phillips curve with an exchange rate shock to the Brazilian economy. Besides panel data, we estimate …

significant only for the Favar models, indicating the importance of segmentation to relate the shock to the social conditions; ii …; and iv) the supply shock is the only has effect on inequality of all segments. …