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
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Englisch
- Bibliographic citation
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Series: Discussion Paper ; No. 83
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Fiorencio, Antonio
Moreira, Ajax Reynaldo Bello
- Event
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Veröffentlichung
- (who)
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Institute for Applied Economic Research (ipea)
- (where)
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Brasília
- (when)
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2015
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
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