Buscar
Mostrando ítems 1-10 de 116
Time-dependent or state-dependent pricing? Evidence from firms’ response to inflation shocks
(2015-03-25)
This paper proposes a test for distinguishing between time-dependent and state-dependent pricing based on whether the timing of pricing changes is affected by realized or expeted inflation. Using Brazilian data and exploring ...
Where did inflation targeting matter?
(2018-10)
We investigate the effects of inflation targeting (IT) adoption on industrial economies by comparing each inflation targeter country (ITer) with its synthetic control, defined as the convex combination of non-IT countries ...
Disagreement in inflation forecasts and inflation risk premia in Brazil
(2017)
The aim of this study is to investigate the link between the inflation risk premia implied by the term structures of nominal and real interest rates in Brazil and disagreements in inflation forecasts. We gauge the former ...
Keynes as the "father" of inflation targeting
(FGV IBRE, 2013-03)
The costs of inflation
(FGV IBRE, 2014-03)
Taylor principle and inflation stability in emerging market countriesw
(2009-08-26)
The goal of this paper is to evaluate the validity of the Taylor principle for inflation control in 12 developing countries that use inflation targeting regimes: Brazil, Chile, Colombia, Hungary, Israel, Mexico, Peru, ...
Inflation bias in Latin America
(2016)
This paper accesses the presence of inflation bias in major Latin American Economies over the past decade. Using a small-scale New Keynesian DSGE model and Bayesian Techniques, the time-varying neutral rate of interest is ...
Measuring core inflation as the common trend of prices
(Escola de Pós-Graduação em Economia da FGV, 2000-10-26)
In recent years, many central banks have adopted inflation targeting policies starting an intense debate about which measure of inflation to adopt. The literature on core inflation has tried to develop indicators of inflation ...
A structuralist Philips curve
(2011-10)
This paper presents a structuralist model of the Philips curve and applies it to the US and Brazilian economies. The theoretical model starts from a simple markup rule to build a Philips curve based on the assumptions that ...
Applying the daily inflation to forecast the Broad Consumer Price Index (IPCA)
(2015-06-01)
Since 2006, the Getulio Vargas Foundation (FGV) calculates a daily version of the Broad Consumer Price Index (IPCA), the official inflation index, calculated under the responsibility of the IBGE, the federal statistics ...