Changes in the persistence of Brazilian inflation: an analysis from structural break test
Inflation persistence is associated to the degree to which future inflation values are related to past shocks, or even to the speed of adjustment of its trajectory towards long-run equilibrium. This article aims to measure the persistence of inflation in the post-Real Plan period and verify possible...
| Autores: | , , , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2023 |
| País: | Brasil |
| Institución: | Universidade Federal de Uberlândia (UFU) |
| Repositorio: | Economia Ensaios |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs.www.seer.ufu.br:article/65709 |
| Acceso en línea: | https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/65709 |
| Access Level: | acceso abierto |
| Palabra clave: | Inflação Persistência Testes de Quebra Estrutural Inflation Persistence Structural Break Tests |
| Sumario: | Inflation persistence is associated to the degree to which future inflation values are related to past shocks, or even to the speed of adjustment of its trajectory towards long-run equilibrium. This article aims to measure the persistence of inflation in the post-Real Plan period and verify possible instabilities in this parameter. Univariate and structural models are used to measure the persistence of inflation. The results suggest the existence of instabilities in the persistence parameter, with a decrease in this value after the adoption of the inflation targeting system. |
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