IDEAS home Printed from https://ideas.repec.org/a/nov/artigo/v26y2016i3p855-886.html
   My bibliography  Save this article

Inflação e regimes cambiais: análise de painel [Inflation and exchange rate regimes: a panel data analysis]

Author

Listed:
  • Carlos de Almeida Cardoso

    (Caixa Econômica Federal)

  • Flavio Vilela Vieira

    (UFU)

Abstract

The main goal of this work is to investigate inflation determinants taking into account the role of exchange rate regimes, fiscal and monetary policy elements, and also to address the relevance of the international financial crisis and the adoption (or not) of inflation target. The analysis is developed for a set of 82 economies in the period of 1990-2009. The empirical results for the three periods analyzes (1990 to 2009, 1990 to 1999, and 2000 to 2009), focusing in understanding the relation between exchange rate regime and inflation reveals a nonconsensual pattern. The evidences also suggests the relevance of other variables for inflation, including money growth rate, government debt, changes in the real effective exchange rate, real interest rate and lagged inflation. An additional evidence indicates that inflation target countries are associated to lower inflation, but this result is restricted to the period of 1990 to 1999.

Suggested Citation

  • Carlos de Almeida Cardoso & Flavio Vilela Vieira, 2016. "Inflação e regimes cambiais: análise de painel [Inflation and exchange rate regimes: a panel data analysis]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 26(3), pages 855-886, September.
    • Handle: RePEc:nov:artigo:v:26:y:2016:i:3:p:855-886
    as

    Download full text from publisher

    File URL: http://www.scielo.br/pdf/neco/v26n3/1980-5381-neco-26-03-00855.pdf
    Download Restriction: no
    File URL: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-63512016000300855&lng=en&nrm=iso&tlng=pt
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    inflation; exchange rate regime; Panel Data analysis;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F31 - International Economics - - International Finance - - - Foreign Exchange

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nov:artigo:v:26:y:2016:i:3:p:855-886. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lucas Resende de Carvalho (email available below). General contact details of provider: https://edirc.repec.org/data/fufmgbr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.