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Data · dataset · 2018

Recent dynamics of Brazilian inflation in different environments of forward-looking expectations

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ABSTRACT This work analyzes how the recent Brazilian inflation responds to economic cycles and its inertial component considering different environments of forward-looking expectations in the framework of the Hybrid New-Keynesian Phillips Curve (HNKPC).

Description

To do this, use is made of monthly data from January 2002 to August 2015 and GMM-HAC estimates of the HNKPC. The results suggest that Brazilian inflation still has a strong inertial component and that in an environment of lower predictability of economic agents, inflation seems to be more sensitive to cyclical fluctuations in economic activity.

Finally, it was observed a positive and significant pass-through exchange rate to inflation in Brazil.

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Topics

Stated by source
Political science
From keywords
Economics & Finance

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Provenance · 1 source records, 10 field assertions
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DataCite10.6084/m9.figshare.5792250.v110 d agoJSON v1
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concepts[field].local:field:economics-financemapping · DataCitevocabulary-mapper@1.0.0keywords['Economics']
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