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

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  • Neio Lúcio Peres Gualda

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.

Suggested Citation

  • Neio Lúcio Peres Gualda, 1992. "Accelerating, maintaining and sanctioning factors of inflation: a test of empirical evidence for Brazil," Brazilian Journal of Political Economy, Center of Political Economy, vol. 12(3), pages 373-386.
    • Handle: RePEc:ekm:repojs:v:12:y:1992:i:3:p:373-386:id:1425
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    Keywords

    Inflation; inertia;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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