Does the private database help to explain Brazilian inflation?
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Artigo de conferência |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | https://hdl.handle.net/10438/29422 |
Resumo: | The large dimension of variables as regressors requires a reduction in the number of variables, which we do in this paper through the factorial model. This method is useful if the variables are collinear, as is our case. We aim to synthesize information from Brazilian Institute of Economics (IBRE)’s public and private databases to evaluate if there is an additional gain from the private database to explain the Brazilian inflation index, the broad consumer price index (IPCA). We analyze the monthly period between 2000 and 2018. After we extract factor, we select which factors are relevant regressors to explain inflation with the Autometrics algorithm. Our result is that the factors extracted from the public database bring gains to explain inflation in relation to an autoregressive model. However, the use of factors tied to the private database still leads to explanatory gains for inflation. We have been able to explain about 75% of the inflation variations with the use of the factors extracted from the private and public databases. |
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Marçal, Emerson FernandesPereira, Pedro L. VallsMendonça, Diogo de PrinceDemais unidades::RPCA2020-07-09T17:08:26Z2020-07-09T17:08:26Z2019-01https://hdl.handle.net/10438/29422The large dimension of variables as regressors requires a reduction in the number of variables, which we do in this paper through the factorial model. This method is useful if the variables are collinear, as is our case. We aim to synthesize information from Brazilian Institute of Economics (IBRE)’s public and private databases to evaluate if there is an additional gain from the private database to explain the Brazilian inflation index, the broad consumer price index (IPCA). We analyze the monthly period between 2000 and 2018. After we extract factor, we select which factors are relevant regressors to explain inflation with the Autometrics algorithm. Our result is that the factors extracted from the public database bring gains to explain inflation in relation to an autoregressive model. However, the use of factors tied to the private database still leads to explanatory gains for inflation. We have been able to explain about 75% of the inflation variations with the use of the factors extracted from the private and public databases.engInflationEconomiaInflação - BrasilDoes the private database help to explain Brazilian inflation?info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/conferenceObjectreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessObservatório de previsões: metodologias e avaliação de modelos de projeção de inflaçãoProjetos de Pesquisa AplicadaORIGINALDoes the private database help to explain Brazilian inflation.pdfDoes the private database help to explain Brazilian inflation.pdfapplication/pdf1435888https://repositorio.fgv.br/bitstreams/d8b58039-4f60-43b9-8836-3f4cfb4e6a05/downloadf55258b93d849b7632c428d0905a1249MD51LICENSElicense.txtlicense.txttext/plain; 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|
dc.title.por.fl_str_mv |
Does the private database help to explain Brazilian inflation? |
title |
Does the private database help to explain Brazilian inflation? |
spellingShingle |
Does the private database help to explain Brazilian inflation? Marçal, Emerson Fernandes Inflation Economia Inflação - Brasil |
title_short |
Does the private database help to explain Brazilian inflation? |
title_full |
Does the private database help to explain Brazilian inflation? |
title_fullStr |
Does the private database help to explain Brazilian inflation? |
title_full_unstemmed |
Does the private database help to explain Brazilian inflation? |
title_sort |
Does the private database help to explain Brazilian inflation? |
author |
Marçal, Emerson Fernandes |
author_facet |
Marçal, Emerson Fernandes Pereira, Pedro L. Valls Mendonça, Diogo de Prince |
author_role |
author |
author2 |
Pereira, Pedro L. Valls Mendonça, Diogo de Prince |
author2_role |
author author |
dc.contributor.unidadefgv.por.fl_str_mv |
Demais unidades::RPCA |
dc.contributor.author.fl_str_mv |
Marçal, Emerson Fernandes Pereira, Pedro L. Valls Mendonça, Diogo de Prince |
dc.subject.por.fl_str_mv |
Inflation |
topic |
Inflation Economia Inflação - Brasil |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Inflação - Brasil |
description |
The large dimension of variables as regressors requires a reduction in the number of variables, which we do in this paper through the factorial model. This method is useful if the variables are collinear, as is our case. We aim to synthesize information from Brazilian Institute of Economics (IBRE)’s public and private databases to evaluate if there is an additional gain from the private database to explain the Brazilian inflation index, the broad consumer price index (IPCA). We analyze the monthly period between 2000 and 2018. After we extract factor, we select which factors are relevant regressors to explain inflation with the Autometrics algorithm. Our result is that the factors extracted from the public database bring gains to explain inflation in relation to an autoregressive model. However, the use of factors tied to the private database still leads to explanatory gains for inflation. We have been able to explain about 75% of the inflation variations with the use of the factors extracted from the private and public databases. |
publishDate |
2019 |
dc.date.issued.fl_str_mv |
2019-01 |
dc.date.accessioned.fl_str_mv |
2020-07-09T17:08:26Z |
dc.date.available.fl_str_mv |
2020-07-09T17:08:26Z |
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https://hdl.handle.net/10438/29422 |
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eng |
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eng |
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openAccess |
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