Trend inflation in Brazil

Adonias Costa Filho ()
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Adonias Costa Filho: Independent Researcher

Economics Bulletin, 2023, vol. 43, issue 2, 855 - 867

Abstract: This paper estimates trend inflation for Brazil, using a model of unobserved components and stochastic volatility. The model allows a flexible dynamics between trend inflation and survey inflation expectations. Estimated trend inflation has been on a downward trend since 2017, and has not been significantly affected by the surge in inflation following the Covid-19 outbreak. unobserved components and stochastic volatility. The model allows a flexible dynamics between trend inflation and survey inflation expectations. Estimated trend inflation has been on a downward trend since 2017, and has not been significantly affected by the surge in inflation following the Covid-19 outbreak.

Keywords: Unobserved components model; trend inflation; inflation expectations. (search for similar items in EconPapers)
JEL-codes: E3 (search for similar items in EconPapers)
Date: 2023-06-30
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