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https://repositorio.ipea.gov.br/handle/11058/8168
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Maka, Alexis | - |
dc.contributor.author | Barbosa Filho, Fernando de Holanda | - |
dc.coverage.spatial | Brasil | pt_BR |
dc.coverage.temporal | 1996-2015 | pt_BR |
dc.date.accessioned | 2017-11-27T18:46:32Z | - |
dc.date.available | 2017-11-27T18:46:32Z | - |
dc.date.issued | 2017-11 | - |
dc.identifier.uri | http://repositorio.ipea.gov.br/handle/11058/8168 | - |
dc.description.abstract | This paper contrasts empirically four leading models of inflation dynamics – the accelerationist Phillips curve (APC), the new Keynesian Phillips curve (NKPC), the hybrid Phillips curve (HPC), and the sticky information Phillips curve (SIPC). We employ an encompassing Phillips curve specification that allows us to derive tests for these models within a single framework. According to the generalized method of moments (GMM) estimator, the evidence suggests that the restrictions implied by the NKPC, HPC and SIPC are rejected for the period after the Real Plan in Brazil. Only the restrictions implied by the APC are not rejected. However, when we construct confidence regions that are robust to weak instruments, it is not possible to reject any of the Phillips curve specifications, including the NKPC. | pt_BR |
dc.language.iso | pt-BR | pt_BR |
dc.publisher | Instituto de Pesquisa Econômica Aplicada (Ipea) | pt_BR |
dc.title | The Trade-off between inflation and economic activity in Brazil | pt_BR |
dc.title.alternative | Discussion Paper 229 : The Trade-off between inflation and economic activity in Brazil | pt_BR |
dc.title.alternative | A dinâmica entre inflação e atividade econômica no Brasil | pt_BR |
dc.type | Discussion Paper | pt_BR |
dc.rights.holder | Instituto de Pesquisa Econômica Aplicada (Ipea) | pt_BR |
dc.source.urlsource | http://www.ipea.gov.br | pt_BR |
dc.location.country | BR | pt_BR |
dc.description.physical | 19 p. : il. | pt_BR |
dc.subject.vcipea | IPEA::Finanças Públicas. Bancos. Relações Monetárias Internacionais::Moedas. Financiamento::Dinheiro::Inflação | pt_BR |
dc.subject.vcipea | IPEA::Condições Econômicas. Pesquisa Econômica. Sistemas Econômicos::Condições Econômicas::Crescimento Econômico::Desenvolvimento Econômico | pt_BR |
dc.rights.license | Reproduction of this text and the data it contains is allowed as long as the source is cited. Reproductions for commercial purposes are prohibited. | pt_BR |
dc.subject.keyword | Phillips curves | pt_BR |
dc.subject.keyword | Weak instruments | pt_BR |
dc.subject.keyword | Fully robust confidence regions | pt_BR |
ipea.description.objective | Contrastar, empiricamente, quatro modelos de dinâmica da inflação: a curva aceleradora de Phillips (APC); a nova curva de Keynesiana Phillips (NKPC); a Curva de Phillips híbrida (HPC); e a curva Phillips de informação (SIPC). | pt_BR |
ipea.description.methodology | Método dos Momentos Generalizados (Generalized method of moments - GMM) | pt_BR |
ipea.description.additionalinformation | Série monográfica: Discussion Paper ; 229 | pt_BR |
ipea.description.additionalinformation | Possui referências bibliográficas | pt_BR |
ipea.description.additionalinformation | Possui apêndice | pt_BR |
ipea.access.type | Acesso Aberto | pt_BR |
ipea.rights.type | Licença Comum | pt_BR |
ipea.researchfields | N/A | pt_BR |
ipea.classification | Economia. Desenvolvimento Econômico | pt_BR |
Appears in Collections: | Economia. Desenvolvimento Econômico: Livros |
Files in This Item:
File | Description | Size | Format | |
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DiscussionPaper_229.pdf | 2.25 MB | Adobe PDF | View/Open | |
DiscussionPaper_229_sumex.pdf | 119.44 kB | Adobe PDF | View/Open |
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