Accelerating, maintaining and sanctioning factors of inflation: a test of empirical evidence for Brazil

Neio Lúcio Peres Gualda ()

Brazilian Journal of Political Economy, 1992, vol. 12, issue 3, 373-386

Abstract: The objective of this paper is to test empirically the theoretical formulation ofBresser-Pereira & Nakano’s article, “The accelerating, maintaining and sanctionating factorsof inflation” (1984). The empirical test supports the results of their theoretical study. The roleof the distributive conflict as a maintaining factor in the inflation process stands out since pastinflation creates strong downward price rigidity. Another hypothesis that was shown to beconsistent refers to the character of money as it represents an endogenous variable in the system. JEL Classification: E31; E37.

Keywords: Inflation; inertia (search for similar items in EconPapers)
Date: 1992
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