inflation of the previous year. This article explores the impact of this decision on the effectiveness of monetary policy, and … shows that the obligation to adjust the salary to past inflation leads monetary policy to have more effect on real activity … and generates more persistent inflation. …

, under an event-study framework the respond of upside risks of inflation expectations to the approval of the Income Law is …This paper presents an analysis of the expected inflation distribution based on the surveys made to economic analysts …, dispersion, and skewness, of expected inflation. It is anticipated that the behavior of these aspects will be consistent with the …