Business cycles, expectations and inflation in Brazil: a New-Keynesian Phillips curve analysis
cepal.articleNo | 7 |
cepal.bibLevel | Sección o Parte de un Documento |
cepal.callNumber | LC/PUB.2018/5-P |
cepal.docType | Revistas |
cepal.jelCode | E30 |
cepal.jelCode | E31 |
cepal.jelCode | E32 |
cepal.jobNumber | RVI124_Ferreira |
cepal.physicalDescription | gráficos., tablas. |
cepal.regionalOffice | Santiago |
cepal.topicEng | FINANCIAL AND MONETARY SECTOR |
cepal.topicEng | INFLATION |
cepal.topicEng | MACROECONOMICS |
cepal.topicEng | PRICES |
cepal.topicSpa | INFLACIÓN |
cepal.topicSpa | MACROECONOMÍA |
cepal.topicSpa | PRECIOS |
cepal.topicSpa | SECTOR FINANCIERO Y MONETARIO |
cepal.workareaEng | ECONOMIC DEVELOPMENT |
cepal.workareaSpa | DESARROLLO ECONÓMICO |
dc.contributor.author | Castelar, Ivan |
dc.contributor.author | Arruda, Elano Ferreira |
dc.contributor.author | Oliveira de Olivindo, Maria Thalita Arruda |
dc.coverage.spatialEng | BRAZIL |
dc.coverage.spatialSpa | BRASIL |
dc.date.accessioned | 2018-08-15T17:54:37Z |
dc.date.available | 2018-08-15T17:54:37Z |
dc.date.issued | 2018-04 |
dc.description.abstract | This 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.format | Texto |
dc.format.extent | páginas. 143-15 |
dc.format.mimetype | application/pdf |
dc.identifier.unSymbol | LC/PUB.2018/5-P |
dc.identifier.uri | https://hdl.handle.net/11362/43955 |
dc.language.iso | eng |
dc.physicalDescription | p. 143-158: gráfs., tabls. |
dc.relation.isPartOf | CEPAL Review |
dc.relation.isPartOfNo | 124 |
dc.relation.isPartOfSeries | CEPAL Review |
dc.relation.translationLanguage | spa |
dc.relation.translationRecord | Ciclos económicos, expectativas e inflación en el Brasil: análisis a partir de la curva de Phillips neokeynesiana |
dc.relation.translationUri | https://hdl.handle.net/11362/43466 |
dc.rights.coar | Disponible |
dc.subject.unbisEng | ECONOMIC CONDITIONS |
dc.subject.unbisEng | BUSINESS CYCLES |
dc.subject.unbisEng | INFLATION |
dc.subject.unbisEng | ECONOMIC ANALYSIS |
dc.subject.unbisEng | ECONOMETRIC MODELS |
dc.subject.unbisSpa | CONDICIONES ECONOMICAS |
dc.subject.unbisSpa | CICLOS ECONOMICOS |
dc.subject.unbisSpa | INFLACION |
dc.subject.unbisSpa | ANALISIS ECONOMICO |
dc.subject.unbisSpa | MODELOS ECONOMETRICOS |
dc.title | Business cycles, expectations and inflation in Brazil: a New-Keynesian Phillips curve analysis |
dc.type.coar | artículo |
dspace.entity.type | Publication |
relation.isAuthorOfPublication | 2dc179ee-7d3b-4f7f-a71b-3cd1d4f07807 |
relation.isAuthorOfPublication | 632f278f-60cb-466a-9592-8815fb537a02 |
relation.isAuthorOfPublication | 1cc865f5-613d-4926-aab9-25efcdd2f104 |
relation.isAuthorOfPublication.latestForDiscovery | 2dc179ee-7d3b-4f7f-a71b-3cd1d4f07807 |
Descargar
Bloque original
1 - 1 de 1
Cargando...
- Nombre:
- RVI124_Ferreira.pdf
- Tamaño:
- 397.33 KB
- Formato:
- Adobe Portable Document Format
- Descripción:
- Document in English