Inflation Persistence in Brazil - A Cross Country Comparison

Inflation Persistence in Brazil - A Cross Country Comparison
Inflation persistence is sometimes defined as the tendency for price shocks to push the inflation rate away from its steady state—including an inflation target—for a prolonged period. Persistence is important because it affects the output costs of lowering inflation back to the target, often described as the "sacrifice ratio". In this paper I use READ MORE...

Publication date: April 2014
ISBN 9781475585230
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