“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
Image by Salvatore Vuono / FreeDigitalPhotos.net.
"Power, by which I mean political power, is always zero-sum: if the intellectual elite has… Read More
"The Biden administration threatens to invoke Section 4 of the Fourteenth Amendment to sidestep the… Read More
"There are so many holes in the FTC and Sony’s opposition to the Microsoft-Activision merger… Read More
"A wide range of outcomes are still possible for 2023, ranging from stagflation to a… Read More
"The real 'capitalist achievement,' however, isn’t Graceland. It’s the fact that compared to the stuff… Read More
"The unseen cause of gentrification is the knee-jerk NIMBYism of affluent leftist neighborhood associations. And… Read More
"Politicians on the left would like us to believe inflation is caused by greedy corporations.… Read More
"As 'dark horse' candidate, Ramaswamy has a greater burden of proof before the electorate.… Read More
*AIER is a 501(c)(3) Nonprofit registered in the US under EIN:04-2121305