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| Adonias Costa Filho |
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| ''Trend inflation in Brazil'' |
| ( 2023, Vol. 43 No.2 ) |
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| 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. |
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| Keywords: Unobserved components model; trend inflation; inflation
expectations. |
JEL: E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
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| Manuscript Received : Jan 17 2023 | | Manuscript Accepted : Jun 30 2023 |
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