Changes in the persistence of Brazilian inflation: an analysis from structural break test

Authors

DOI:

https://doi.org/10.14393/REE-v38n2a2023-65709

Keywords:

Inflation, Persistence, Structural Break Tests

Abstract

Inflation persistence is associated to the degree to which future inflation values are related to past shocks, or even to the speed of adjustment of its trajectory towards long-run equilibrium. This article aims to measure the persistence of inflation in the post-Real Plan period and verify possible instabilities in this parameter. Univariate and structural models are used to measure the persistence of inflation. The results suggest the existence of instabilities in the persistence parameter, with a decrease in this value after the adoption of the inflation targeting system.

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Published

2023-09-21

How to Cite

HERALD DA COSTA CAMPOS, R.; SILVA, J. A. da; GEOVANE PEREIRA GOMES, T.; FERREIRA DA SILVA, F. D.; DOS SANTOS TORRES, V. Changes in the persistence of Brazilian inflation: an analysis from structural break test. Revista Economia Ensaios, Uberlândia, Minas Gerais, Brasil, v. 38, n. 2, 2023. DOI: 10.14393/REE-v38n2a2023-65709. Disponível em: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/65709. Acesso em: 23 nov. 2024.

Issue

Vol. 38 No. 2 (2023)

Section

Artigos

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