SciELO - Scientific Electronic Library Online

vol.33 issue3Fatores determinantes e evolução da economia submersa no Brasil author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand




Related links


Estudos Econômicos (São Paulo)

Print version ISSN 0101-4161On-line version ISSN 1980-5357


ARAUJO, Eurilton  and  CUNHA, Alexandre. Brazilian inflation and GDP from 1850 to 2000: an empirical investigation. Estud. Econ. [online]. 2003, vol.33, n.3, pp.399-433. ISSN 1980-5357.

The question of whether a policy that leads to low inflation can hamper real economic activity and growth is a recurrent one in Brazil. In this essay we used yearly data to study the behavior of Brazilian inflation and GDP from 1850 to 2000. We used econometric and business cycles techniques to study the behavior of these variables in time and frequency domains. The results suggest the absence of positive comovement between the series. Thus, the empirical evidence apparently implies that the option of easing up on inflation to avoid a slowdown in real economic activity and growth is not available to Brazilian policy makers.

Keywords : inflation; growth; business cycles.

        · abstract in Portuguese     · text in English     · English ( pdf )


Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License