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.

Language
Englisch

Bibliographic citation
Series: Discussion Paper ; No. 83

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Fiorencio, Antonio
Moreira, Ajax Reynaldo Bello
Event
Veröffentlichung
(who)
Institute for Applied Economic Research (ipea)
(where)
Brasília
(when)
2015

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Fiorencio, Antonio
  • Moreira, Ajax Reynaldo Bello
  • Institute for Applied Economic Research (ipea)

Time of origin

  • 2015

Other Objects (12)