This paper estimates the Brazilian NAILO (Nonaccelerating Inflation Level of Output), obtains (Bayesian) probability … the Nailo and the acceleration of inflation. As explained in the text, the NAILO should not be confused with the country … inflation rate between 0.5 and 0.7 pp (percentage points). We also observed a very close relationship between changes in the …

variables. These results cast some doubts about the ability of the Phillips curve to describe the dynamics of inflation in the …

unemployment on inflation seems to present in short term. In the long run, the estimations do not able to detect any impact of … unemployment on the dynamic of inflation. Finally, the structural break marks the relationship between the exchange rate and … study, the following are more remarkable. Firstly, the inflationary inertia and expectation of inflation are important …

variables. These results cast some doubts about the ability of the Phillips curve to describe the dynamics of inflation in the …

This article presents some estimates for the Non Accelerating Inflation Rate of Unemployment (NAIRU) using Brazilian … are in line with the acceleration of inflation during the eighties and the price stability that followed the Real Plan …