Arbeitspapier
Latent indexation and exchange rate passthrough
This paper uses VAR models to discuss two main questions: a) are the indexing mechanisms that characterised the Brazilian economy for decades a thing of the past, or could they be easily reactivated in the event of some important price shock? b) given the fiscal stance, what would be the likely consequences of a nominal devaluation on inflation, the real exchange rate, real interest rates and unemployment? One of the main results of the paper is tha a possible measure of the degree of indexation of the Brazilian price system was sharply reduced after the Real Plan.
- Sprache
-
Englisch
- Erschienen in
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Series: Discussion Paper ; No. 83
- Klassifikation
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Wirtschaft
- Ereignis
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Geistige Schöpfung
- (wer)
-
Fiorencio, Antonio
Moreira, Ajax Reynaldo Bello
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for Applied Economic Research (ipea)
- (wo)
-
Brasília
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Fiorencio, Antonio
- Moreira, Ajax Reynaldo Bello
- Institute for Applied Economic Research (ipea)
Entstanden
- 2015