The Dynamics of Chronic Inflation in Brazil, 1968-1985

Journal of Business and Economic Statistics

Volumn 16, Issue 4, 1998, Pages 423-432

  Durevall, Dick ^a  

^a UNIVERSITY OF GOTHENBURG   (Sweden)

Author keywords

Cointegration; Error correction model; Inertial inflation

Indexed keywords

EID: 0032350351     PISSN: 07350015     EISSN: 15372707     Source Type: Journal    
DOI: 10.1080/07350015.1998.10524782     Document Type: Article

References (34)

1. Adams, C., and Gros, D. (1986), “The Consequences of Real Exchange Rate Rules for Inflation,” IMF Staff Papers, 33, 439-476.
2. Arida, P., and Lara-Resende, A. (1985), “Inertial Inflation and Monetary Reform: Brazil,” in Inflation and Indexation: Argentina Brazil and Israel, ed. J. Williamson, Washington, DC: Institute for International Economics, pp. 27-44.
3. Baer, W. (1989), The Brazilian Economy: Growth and Development, New York: Praeger.
4. Barbosa, F. de H., and McNelis, P. D. (1990), “Indexation and Inflationary Inertia: Brazil 1964-1985,” The World Bank Economic Review, 3, 339-357.
5. Beckerman, P. (1992), The Economics of High Inflation, London: Macmillan.
6. Blejer, M., and Leiderman, L. (1981), “A Monetary Approach to the Crawling-Peg System: Theory and Evidence,” Journal of Political Economy, 89, 132-151.
7. Cardoso, E. (1983a), “Indexaqào e Acomodaqào Monetària: Um Teste do Processo Inflacionàrio Brasileiro,” Revista Brasileira de Economia, 31, 3-11.
8. Cardoso, E. (1983b), “A Money Demand Equation for Brazil,” Journal of Development Economics, 12, 183-193.
9. Cardoso, E. (1991), “From Inertia to Mega Inflation: Brazil in the 1980s,” in Lessons of Economic Stabilization and Its Aftermath, eds. M. Bruno, S. Fisher, E. Helpman, and N. Liviatan, with L. Meridor, Cambridge, MA: MIT Press, pp. 143-177.
10. Chadha, B., Masson, P., and Meredith, G. (1992), “Models of Inflation and the Costs of Disinflation,” IMF Staff Papers, 39, 395-431.
11. Cline, W. (1981), “Brazil’s Aggressive Response to External Shocks,” in World Inflation and the Developing Countries, ed. W. Cline, Washington DC: Brookings Institution.
12. de Brouwer, G., and Ericsson, N. R. (1998), “Modeling Inflation in Australia,” Journal of Business & Economic Statistics, 16, 433-449.
13. Doornik, J. A., and Hendry, D. F. (1994), PcGive Professional 8.0: An Interactive Econometric Modelling System, London: International Thomson Publishing.
14. Durevall, D. (1993), Essays on Chronic Inflation: The Brazilian Experience, Economic Studies 42, Göteborg University, Dept, of Economics.
15. Ericsson, N. R., Campos, J., and Tran, H.-A. (1990), “PC-GIVE and David Hendry’s Econometric Methodology,” Revista de Econometria, 10, 7117.
16. Gordon, R. (1988), “The Role of Wages in the Inflation Process,” American Economic Review, Papers and Proceedings, 78, 276-283.
17. Hanson, J. (1985), “Inflation and Imported Input Prices in Some Inflationary Latin American Economies,” Journal of Development Economics, 18, 395-410.
18. Harberger, A. (1963), “The Dynamics of Inflation in Chile,” in Measurement in Economics: Studies in Mathematical Economics and Econometrics in Memory of Yehuda Grunfeld, ed. C. Christ, Stanford, CA: Stanford University Press, pp. 219-249.
19. Hendry, D. F. (1995), Dynamic Econometrics, Oxford, U.K.: Oxford University Press.
20. Johansen, S. (1988), “Statistical Analysis of Cointegration Vectors,” Journal of Economic Dynamics and Control, 12, 231-254.
21. Johansen, S. (1995), “A Statistical Analysis of Cointegration for 1(2) Variables,” Econometric Theory, 11, 25-59.
22. Johansen, S., and Juselius, K. (1990), “Maximum Likelihood Estimation and Inference on Cointegration—With Applications to the Demand for Money,” Oxford Bulletin of Economics and Statistics, 52, 169-210.
23. Juselius, K. (1992), “Domestic and Foreign Effects on Prices in an Open Economy: The Case of Denmark,” Journal of Policy Modeling, 14, 401-428.
24. Kiguel, M., and Liviatan, N. (1991), “The Inflation-Stabilization Cycles in Argentina and Brazil,” in Lessons of Economic Stabilization and Its Aftermath, eds. M. Bruno, S. Fisher, E. Helpman, and N. Liviatan with L. Meridor, Cambridge, MA: MIT Press, pp. 191-232.
25. Lara-Resende, A., and Lopes, F. (1981), “Sobre as Causas da Reciente Aceleracào Inflacionària,” Pesquisa e Planejamento Econòmico, 11, 599-616.
26. Lopes, F. (1982), “Inflagào e Nivel de Actividade: Um Estudo Economètrico,” Pesquisa e Planejamento Econòmico, 12, 639-670.
27. Lopes, F. (1986), O Choque Heterodoxo: Combate a Inflaqào e Reforma Monetària, Rio de Janeiro: Editora Campus.
28. Marques, M. S. B. (1985), “A Aceleragào Inflacionària no Brasil 1973-83,” Revista Brasileira de Economia, 39, 343-383.
29. Novaes, A. D. (1993), “Revisiting the Inertial Inflation Hypothesis for Brazil,” Journal of Development Economics, 42, 89-110.
30. Osterwald-Lenum, M. (1992), “A Note With Quantiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics,” Oxford Bulletin of Economics and Statistics, 54, 461-471.
31. Parkin, V. (1991), Chronic Inflation in an Industrialising Economy: The Brazilian Experience, Cambridge, U.K.: Cambridge University Press.
32. Rossi, J. W. (1988), “A Demanda por Moeda no Brasil: O Que Occurreu a Partir de 1980?” Pesquisa e Planejamento Econòmico, 18, 37-53.
33. Rossi, J. W. (1993), “Modelando a Demanda por Moeda no Brasil,” in Inflaqào Brasileira, ed. R. M. O. Fontes, Vigosa, Brazil: University of Vigosa, Imprensa Universitaria, pp. 161-173.
34. Tombini, A., and Newbold, P. (1992), “The Time Series Behavior of Brazilian Real Gross Domestic Product, 1947-87: An Analysis of Intervention,” World Development, 20, 283-288.