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Empirical Findings on Inflation Expectations in Brazil: a survey

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  • Wagner Piazza Gaglianone

Abstract

This paper provides a collection of empirical findings and stylized facts about inflation expectations in Brazil. A set of 23 papers selected ad hoc from the literature is employed in order to provide a concise overview of several aspects of these expectations, such as disagreement, forecast bias, role of information, epidemiology, driving-forces of the inflation expectations’ formation process, and credibility of the monetary policy, among others. These findings form a practical guide about inflation expectations in Brazil, which might be useful for policymakers and academics interested in designing forward-looking policy rules as well as developing macroeconomic models for the Brazilian economy.

Suggested Citation

  • Wagner Piazza Gaglianone, 2017. "Empirical Findings on Inflation Expectations in Brazil: a survey," Working Papers Series 464, Central Bank of Brazil, Research Department.
    • Handle: RePEc:bcb:wpaper:464
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    File URL: https://www.bcb.gov.br/content/publicacoes/WorkingPaperSeries/wps464.pdf
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    References listed on IDEAS

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    Cited by:

    1. Fernando Nascimento de Oliveira & Wagner Piazza Gaglianone, 2020. "Expectations anchoring indexes for Brazil using Kalman filter: Exploring signals of inflation anchoring in the long term," International Economics, CEPII research center, issue 163, pages 72-91.
    2. Juan Camilo Anzoategui-Zapata & Juan Camilo Galvis-Ciro, 2021. "Effects of fiscal credibility on inflation expectations: evidence from an emerging economy," Public Sector Economics, Institute of Public Finance, vol. 45(1), pages 125-148.

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