Fiorencio, Antonio; Moreira, Ajax - Instituto de Pesquisa Econômica Aplicada (IPEA), … - 2015
Is the high degree of indexing that characterized the Brazilian economy for decades a thing of the past, or could it be easily reactivated in the event of some important price shock? Alternatively: is the economy sufficiently stable to absorb a large exchange rate nominal devaluation? This paper...