Econometric models of inflation in brazil: structuralists, monetarists and rational expectations approachs, 1995-2017
The present article seeks to demonstrate the evolution of the inflation rate in Brazil during the period between the era of President Vargas and the government of President Michel Temer, together with the determinants of inflation between 1995 and 2017. With the aid of structuralist, monetaris...
| Autor principal: | CARVALHO, André Cutrim |
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| Outros Autores: | CARVALHO, David Ferreira |
| Grau: | Artigo |
| Idioma: | eng |
| Publicado em: |
University of Santiago de Compostela
2023
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| Assuntos: | |
| Acesso em linha: |
http://repositorio.ufpa.br:8080/jspui/handle/2011/15229 |
| Resumo: |
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The present article seeks to demonstrate the evolution of the inflation rate in Brazil during
the period between the era of President Vargas and the government of President Michel
Temer, together with the determinants of inflation between 1995 and 2017. With the aid of
structuralist, monetarist, and inertialist econometric models, we attempt to understand the
factors that influenced the inflation rate during this period, based on the monetarist models
of rational and adaptive expectations. Once the regressions have been completed, we reach
certain conclusions on the statistical significance level of the model and whether its
variables have the power to explain the inflation rates in Brazil during the period following
the Real Plan. Finally, we conclude that there are reasons to reject the hypothesis that the
trend variable is adequately formulated to capture the effect of financial innovations in the
equation for the demand for money |