Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/220172 
Year of Publication: 
2015
Series/Report no.: 
Discussion Paper No. 83
Publisher: 
Institute for Applied Economic Research (ipea), Brasília
Abstract: 
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.
Document Type: 
Working Paper

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