The indexation of wages and bonds in Brazil
AbstractThis paper analyses the dynamic relationship between the degrees of indexation of wages and public bonds in Brazil. A simple model is constructed to show that both degrees of indexation are determined simultaneously. We apply cointegration techniques and estimate error-correction representations to assess the temporal causality between them. Our results provide empirical support for the existence of simultaneity in the degrees of indexation in Brazil in the period 1980-93.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Applied Economics.
Volume (Year): 29 (1997)
Issue (Month): 11 ()
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Web page: http://www.tandf.co.uk/journals/routledge/00036846.html
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- Faria, Joao Ricardo, 2001. "Markup, indexation and inflation: a bargaining approach," Economic Modelling, Elsevier, vol. 18(2), pages 313-323, April.
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