form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and … when inflation rate is growing and unemployment doesn't (in the long-run). … be verified always that exist equal evolution of their variables or for others words, always that inflation and …

-market slack is captured by the level of shortterm unemployment. This equation explains inflation behavior since 2000, including … the failure of high total unemployment since 2008 to reduce inflation greatly. The fit of our equation is especially good … general Phillips curve in which core inflation depends on short-term unemployment and on expected inflation as measured by the …

inflation since 2010 have led to a reevaluation of Brazil’s long-term potential growth rate. Growth accounting suggests that … dividend of a rapidly expanding labor force is fading and further structural declines in unemployment are likely to be limited …