We examine the impact of inflation on financial development in Brazil and the data available permit us to cover the …, and robust for different estimators and financial development measures – suggest that inflation presented deleterious … inequality. Therefore, low and stable inflation, and all that it encompasses, is a necessary first step to achieve a deeper and …

This paper argues that the pass-through in Brazil has fallen compared with estimates in other studies on earlier time … periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to … Industrialization (ISI) period of the 1950s and 1960s. Conventional results suggests that low and stable inflation environments lead to …

the wage distribution in Brazil during the 1988-95 trade liberalization. Unlike in other Latin American countries, trade …

We analyze forecasts of inflation and GDP growth contained in Banco de México's Survey of Professional Forecasters for …

This document analyzes inflation, exchange rate, interest rate, and GDP growth forecasts from the monthly Survey of … relative performance using as benchmarks forecasts from time series models and from other macroeconomic variables. Inflation … be better, in mean squared error terms, than the benchmark forecasts, except for the case of one-yearahead inflation. In …

macroeconomic forecasts. We produce real time out-of-sample forecasts for inflation, the unemployment rate and the interest rate … predictions for the three variables. In particular for inflation the TV-VAR outperforms, in terms of mean square forecast error … also shown to hold over the most recent period in which it has been hard to forecast inflation. …