Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil
Autor(a) principal: | |
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Data de Publicação: | 2002 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Economia Aplicada |
Texto Completo: | https://www.revistas.usp.br/ecoa/article/view/219888 |
Resumo: | This paper tests the empirical validity of New Keynesian staggered prices models for Brazil, in the nineties.The key concern is to explain inflation and prices stickiness and output dynamics assuming that the inflation rate is rigid, which makes it difficult to reduce inflation without a negative impact on output. It is found some evidence supporting the inflation and prices stickiness hypothesis for Brazil, by estimating a model that embodies staggered wage contracts and rational expectations. However, the variables are not cointegrated and, in this manner, we apply Hsiao methodology to conclude that conventional 2SLS inference procedures are valid to solve this problem. |
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Economia Aplicada |
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Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasilprices staggeredstickinessstaggered wage contractsNew Keynesian Economics2SLSThis paper tests the empirical validity of New Keynesian staggered prices models for Brazil, in the nineties.The key concern is to explain inflation and prices stickiness and output dynamics assuming that the inflation rate is rigid, which makes it difficult to reduce inflation without a negative impact on output. It is found some evidence supporting the inflation and prices stickiness hypothesis for Brazil, by estimating a model that embodies staggered wage contracts and rational expectations. However, the variables are not cointegrated and, in this manner, we apply Hsiao methodology to conclude that conventional 2SLS inference procedures are valid to solve this problem.Universidade de São Paulo, FEA-RP/USP2002-02-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/21988810.11606/1413-8050/ea219888Economia Aplicada; Vol. 6 Núm. 1 (2002); 49-65Economia Aplicada; Vol. 6 No. 1 (2002); 49-65Economia Aplicada; v. 6 n. 1 (2002); 49-651980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPporhttps://www.revistas.usp.br/ecoa/article/view/219888/200759Copyright (c) 2002 Economia Aplicadahttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessAlmeida, Charles Lima de Pinheiro, Francisco Jose de Queiroz Moreira, Tito Belchior Silva 2023-12-08T13:52:26Zoai:revistas.usp.br:article/219888Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-12-08T13:52:26Economia Aplicada - Universidade de São Paulo (USP)false |
dc.title.none.fl_str_mv |
Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil |
title |
Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil |
spellingShingle |
Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil Almeida, Charles Lima de prices staggered stickiness staggered wage contracts New Keynesian Economics 2SLS |
title_short |
Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil |
title_full |
Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil |
title_fullStr |
Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil |
title_full_unstemmed |
Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil |
title_sort |
Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil |
author |
Almeida, Charles Lima de |
author_facet |
Almeida, Charles Lima de Pinheiro, Francisco Jose de Queiroz Moreira, Tito Belchior Silva |
author_role |
author |
author2 |
Pinheiro, Francisco Jose de Queiroz Moreira, Tito Belchior Silva |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Almeida, Charles Lima de Pinheiro, Francisco Jose de Queiroz Moreira, Tito Belchior Silva |
dc.subject.por.fl_str_mv |
prices staggered stickiness staggered wage contracts New Keynesian Economics 2SLS |
topic |
prices staggered stickiness staggered wage contracts New Keynesian Economics 2SLS |
description |
This paper tests the empirical validity of New Keynesian staggered prices models for Brazil, in the nineties.The key concern is to explain inflation and prices stickiness and output dynamics assuming that the inflation rate is rigid, which makes it difficult to reduce inflation without a negative impact on output. It is found some evidence supporting the inflation and prices stickiness hypothesis for Brazil, by estimating a model that embodies staggered wage contracts and rational expectations. However, the variables are not cointegrated and, in this manner, we apply Hsiao methodology to conclude that conventional 2SLS inference procedures are valid to solve this problem. |
publishDate |
2002 |
dc.date.none.fl_str_mv |
2002-02-10 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://www.revistas.usp.br/ecoa/article/view/219888 10.11606/1413-8050/ea219888 |
url |
https://www.revistas.usp.br/ecoa/article/view/219888 |
identifier_str_mv |
10.11606/1413-8050/ea219888 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://www.revistas.usp.br/ecoa/article/view/219888/200759 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2002 Economia Aplicada http://creativecommons.org/licenses/by-nc/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2002 Economia Aplicada http://creativecommons.org/licenses/by-nc/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade de São Paulo, FEA-RP/USP |
publisher.none.fl_str_mv |
Universidade de São Paulo, FEA-RP/USP |
dc.source.none.fl_str_mv |
Economia Aplicada; Vol. 6 Núm. 1 (2002); 49-65 Economia Aplicada; Vol. 6 No. 1 (2002); 49-65 Economia Aplicada; v. 6 n. 1 (2002); 49-65 1980-5330 1413-8050 reponame:Economia Aplicada instname:Universidade de São Paulo (USP) instacron:USP |
instname_str |
Universidade de São Paulo (USP) |
instacron_str |
USP |
institution |
USP |
reponame_str |
Economia Aplicada |
collection |
Economia Aplicada |
repository.name.fl_str_mv |
Economia Aplicada - Universidade de São Paulo (USP) |
repository.mail.fl_str_mv |
||revecap@usp.br |
_version_ |
1800221693557342208 |