Business cycles, expectations and inflation in Brazil: a New-Keynesian Phillips curve analysis

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2018/5-P
cepal.docTypeRevistas
cepal.jelCodeE30
cepal.jelCodeE31
cepal.jelCodeE32
cepal.jobNumberRVI124_Ferreira
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngINFLATION
cepal.topicEngMACROECONOMICS
cepal.topicEngPRICES
cepal.topicSpaINFLACIÓN
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaPRECIOS
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorCastelar, Ivan
dc.contributor.authorArruda, Elano Ferreira
dc.contributor.authorOliveira de Olivindo, Maria Thalita Arruda
dc.coverage.spatialEngBRAZIL
dc.coverage.spatialSpaBRASIL
dc.date.accessioned2018-08-15T17:54:37Z
dc.date.available2018-08-15T17:54:37Z
dc.date.issued2018-04
dc.description.abstractThis article analyses Brazil’s recent inflation dynamic, considering different expectations environments within the New-Keynesian Phillips curve framework, to observe how the potential for discretionary behaviour by the monetary authority can interfere in economic agents’ forward-looking expectations, and how that interference can affect the way inflation responds to its inertial component and to business-cycle fluctuations. To that end, the study estimates the New-Keynesian Phillips curve and its hybrid version, using the heteroscedasticity-and-autocorrelation-consistent (HAC) estimator of the generalized method of moments (GMM). The results suggest that, when economic agents possess lower degrees of foresight, inflation will be more sensitive to business-cycle fluctuations the larger is its inertial component.
dc.formatTexto
dc.format.extentpáginas. 143-15
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2018/5-P
dc.identifier.urihttps://hdl.handle.net/11362/43955
dc.language.isoeng
dc.physicalDescriptionp. 143-158: gráfs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo124
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordCiclos económicos, expectativas e inflación en el Brasil: análisis a partir de la curva de Phillips neokeynesiana
dc.relation.translationUrihttps://hdl.handle.net/11362/43466
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngBUSINESS CYCLES
dc.subject.unbisEngINFLATION
dc.subject.unbisEngECONOMIC ANALYSIS
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaCICLOS ECONOMICOS
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaANALISIS ECONOMICO
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.titleBusiness cycles, expectations and inflation in Brazil: a New-Keynesian Phillips curve analysis
dc.type.coarrevista
dspace.entity.typePublication
relation.isAuthorOfPublication2dc179ee-7d3b-4f7f-a71b-3cd1d4f07807
relation.isAuthorOfPublication632f278f-60cb-466a-9592-8815fb537a02
relation.isAuthorOfPublication1cc865f5-613d-4926-aab9-25efcdd2f104
relation.isAuthorOfPublication.latestForDiscovery2dc179ee-7d3b-4f7f-a71b-3cd1d4f07807
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