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Inflation Persistence in Brazil (Roache)

Inflation persistence in Brazil – a cross country comparison by Shaun K. Roache published by IMF, indicated by Alvaro Manoel (4/2014). “Inflation persistence is sometimes defined as the tendency for price shocks to push the inflation rate away from its steady state – including an inflation target – for a prolonged period. Persistence is important because it affects the output costs of lowering inflation back to the target, often described as the ‘sacrifice ratio’…”

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