Uma estimação da curva de Phillips Híbrida para o Brasil no regime de metas de inflação
The aim of this paper is to investigate the dynamics of inflation in Brazil between 2000-IV to 2014-II, through the hybrid Phillips Curve approach. This econometric specification allows evaluating the forward looking and backward looking terms. The models were estimated by ARDL method and the result...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2017 |
| País: | Brasil |
| Institución: | Universidade de São Paulo (USP) |
| Repositorio: | Economia Aplicada |
| Idioma: | portugués |
| OAI Identifier: | oai:revistas.usp.br:article/135130 |
| Acceso en línea: | https://www.revistas.usp.br/ecoa/article/view/135130 |
| Access Level: | acceso abierto |
| Palabra clave: | Curva de Phillips híbrida meta de inflação expectativa de inflação inércia da inflação. Hybrid Phillips Curve inflation targeting inflation expectation inertial inflation. |
| Sumario: | The aim of this paper is to investigate the dynamics of inflation in Brazil between 2000-IV to 2014-II, through the hybrid Phillips Curve approach. This econometric specification allows evaluating the forward looking and backward looking terms. The models were estimated by ARDL method and the results showed that the inclusion of unit labor cost as a proxy for economic activity generated a better fit in the estimation of the Phillips curve. The expectation of inflation has dominance in determining the dynamics of the Brazilian inflation. There is still an inertial component given by the rigidity of prices due to the indexation of several contracts and government managed prices. |
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