Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/91375 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
Texto para Discussão No. 1661
Verlag: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Zusammenfassung (übersetzt): 
We estimate the Phillips curve with an exchange rate shock to the Brazilian economy. Besides panel data, we estimate the Phillips curve by time series methodology, including Bayesian techniques and Smoothing Transition Regressions (STR) model. The econometric results show three important conclusions: a) we test and confirm the Blanchard and Gali (2007) restrictions over the sum of the coefficients associated with inflation; b) the coefficient associated to the expectation of inflation is greater than the coefficient associated with past inflation (which is in contrast with previous studies to the Brazilian economy); and c) in the short-run both the unemployment rate and the exchange rate shock are not important determinants of current inflation.
JEL: 
E31
E24
C33
Dokumentart: 
Working Paper

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