Wellington Charles Lacerda Nobrega, Cássio da Nóbrega Besarria, F. A. De Oliveira
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引用次数: 2
Abstract
This paper has the purpose to investigate the relationship between unemployment rate and wage growth for the Brazilian economy from 2000to 2016, by means of a Markov-switching regression model. The empirical approach is based on the New-Keynesian Phillips Curve developed by Gali (2011). The estimation results suggest the existence of two well definedregimes, one characterized by the non-validation of the Phillips Curve, while in the other the trade-off between unemployment and wageinflation is validated, with the economic cycle being a key factor in regime switching.
Economia AplicadaEconomics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
0.30
自引率
0.00%
发文量
5
审稿时长
100 weeks
期刊介绍：
The journal Economia Aplicada (Brazilian Journal of Applied Economics) is a quarterly publication of the Dept. of Economics of the Faculty of Economics, Business and Accounting of the University of São Paulo at Ribeirão Preto (FEA-RP/USP). It was first published in 1997 by the Dept. of Economics of FEA-USP and by FIPE, with the primary concern of filling an editorial gap in Brazil. The Journal"s interest is to publish solely scientific papers on applied economics. Nowadays it has the same goal. Its focus is to publish papers with economic analysis applied to specific problems of interest either to public or private sector, especially with quantitative results bringing theory and reality closer.
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