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... READ MORE...

Publication date: April 2014
ISBN 9781475585230
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