The indexation of wages and bonds in Brazil

Faria, J.R. and Carneiro, F.G. (1997) The indexation of wages and bonds in Brazil. Applied Economics, 29 (11). pp. 1459-1464. ISSN 0003-6846. (The full text of this publication is not available from this repository)

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Abstract

This paper analyses the dynamic relationship between the degrees of indexation of wages and public bonds in Brazil. A simple model is constructed to show that both degrees of indexation are determined simultaneously. We apply cointegration techniques and estimate error-correction representations to assess the temporal causality between them. Our results provide empirical support for the existence of simultaneity in the degrees of indexation in Brazil in the period 1980-93.

Item Type: Article
Depositing User: T. Nasir
Date Deposited: 22 Oct 2009 13:40
Last Modified: 22 Oct 2009 13:40
Resource URI: http://kar.kent.ac.uk/id/eprint/18422 (The current URI for this page, for reference purposes)
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