BAYESIAN MODELING OF THE BRAZILIAN INFLATIONARY PROCESS

Authors
CAMARGO ME RADHARAMANAN R
Citation
Me. Camargo et R. Radharamanan, BAYESIAN MODELING OF THE BRAZILIAN INFLATIONARY PROCESS, Computers & industrial engineering, 31(1-2), 1996, pp. 475-478
Citations number
5
Categorie Soggetti
Computer Application, Chemistry & Engineering","Computer Science Interdisciplinary Applications","Engineering, Industrial
Journal title
Computers & industrial engineering → ACNP
ISSN journal
03608352
Volume
31
Issue
1-2
Year of publication
1996
Pages
475 - 478
Database
ISI
SICI code
0360-8352(1996)31:1-2<475:BMOTBI>2.0.ZU;2-S
Abstract
In this paper, the dynamics of the Brazilian inflationary process have been investigated using Bayesian models, considering the major determ inants of inflation: monetary base, wages, federal debt, rate of inter est, and rate of exchange. The effects of these exogenous variables, a nd the intervention variables that represent structural changes and/or external shocks provoked by stabilizing plans on the inflation rate h ave been analyzed. The predicted values of the inflation rate indicate that the model is adequate in explaining the Brazilian inflationary p rocess.