“This article develops an error-correction model with the aim of analyzing the behavior of prices during a period of chronic inflation in Brazil. The degree of inflationary inertia is estimated, and tests for the importance of disequilibria in the domestic-money, foreign-goods, labor, and domestic goods markets on inflation are carried out.” Read more.
“The Dynamics of Chronic Inflation in Brazil, 1968-1985”
Dick Durevall
Journal of Business & Economic Statistics, Vol. 16, No. 4 (Oct., 1998), pp. 423-432
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