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Taxa de Desemprego Não Aceleradora da Inflação: Uma estimação da NAIRU para a economia brasileira no período de 2000 até 2013 [Non Accelerating Inflation Rate of Unemployment (NAIRU): An estimation for the Brazilian economy between 2000 and 2013]

Author

Listed:
  • Luma de Oliveira

    (UFRGS)

  • Marcelo Savino Portugal

    (UFRGS)

  • Mateus Boldrine Abrita

    (UFRGS)

Abstract

In this paper we develop estimates for the Non-Accelerating Inflation Rate of Unemployment (NAIRU) for the Brazilian economy. The data used are quarterly for the period between 2000Q1 and 2013Q2. For the unemployment rate we used DIEESE's data, and for the inflation rate data from IBGE (National Consumer Price Index - INPC). The model was estimated based on a transfer equation. The central results are that there was a shift in the correlation coefficient between unemployment and inflation, from positive to negative, with the NAIRU remained above the unemployment rate on the period analysed.

Suggested Citation

  • Luma de Oliveira & Marcelo Savino Portugal & Mateus Boldrine Abrita, 2016. "Taxa de Desemprego Não Aceleradora da Inflação: Uma estimação da NAIRU para a economia brasileira no período de 2000 até 2013 [Non Accelerating Inflation Rate of Unemployment (NAIRU): An estimation fo," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 26(2), pages 491-513, May-Augus.
    • Handle: RePEc:nov:artigo:v:26:y:2016:i:2:p:491-513
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    More about this item

    Keywords

    unemployment rate; inflation rate; correlation coefficient; NAIRU;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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