the Brazilian economy: GDP, industrial production and inflation. The results show that these three factors explain the … and negatively with inflation and that HML is positively correlated with economic growth and negatively with inflation …

This paper characterizes the monetary policy in Brazil through a forward-looking Taylor-rule-type reaction function … before and after the Real plan, which stabilized inflation in July 1994. The results show that the interest rate response to … inflation was greater than one-to-one before stabilization and smaller than that afterwards, hence inverting the Taylor …

to finance its budget deficits. The reformulated dynamic simulation model confirmed that the inflation thus generated … further widened the deficits due to the asymmetrical adjustment of government expenditures and revenues to inflation. This … deficits. Non-inflationary financing of government deficits would break the vicious-cycle hypothesis not only for Brazil but …

silent about the conceptual gap between the stabilization debates carried out in the 1980s and the way economists in Brazil … began to describe downwardly rigid inflation patterns from the 1990s onwards. We assess how “inflation inertia” has been … understood in the immediate aftermath of the monetary reform in Brazil in 1994, by analyzing the backstage papers that circulated …

expectations to provide a comparison of inflation persistence in Brazil with a sample of inflation targeting (IT) countries. This … approach suggests that inflation persistence increased in Brazil through early 2013, in contrast to many of its IT peers …Inflation persistence is sometimes defined as the tendency for price shocks to push the inflation rate away from its …

This paper discusses the acceleration of inflation in Brazil. In the early 1980s, the Brazilian inflation rate … Cruzado Plan failed to stop inflation because of an extremely loose monetary policy coupled with a lack of fiscal austerity …. Repeated price controls have increased the variability of inflation. More recently, the decline in tax collections and the …

During the Brazilian hyperinflation period (1980-1994), several plans to control the inflation (stabilization plans … aims to analyze, applying econometric tests, if there are structural breakpoints in the inflation series in the moments of … cutting short the inflation) if the inflationary process in the country had not taken massive proportions. Through the tests …