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Empirical Findings on Inflation Expectations in Brazil: a survey

Wagner Gaglianone ()

No 464, Working Papers Series from Central Bank of Brazil, Research Department

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

Date: 2017-09
New Economics Papers: this item is included in nep-lam, nep-mac and nep-mon
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