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acceleration and a shifting Phillips curve. Friedman’s interest in the Brazilian inflationary economy prompted him to visit the …The paper investigates the role played by Friedman’s interpretation of the Brazilian inflation in his 1967 formulation … countries, Friedman found in the Brazilian 1964-66 stabilization episode significant support for his argument about inflation …
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present the Phillips curve (which statistically relates unemployment with the rate of change of nominal wages) and then the …
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