Conteúdo principal Menu principal Rodapé

Articulista

07 jan 23

Income distribution, productivity growth, and workers’ bargaining power in an agent-based macroeconomic model

We investigate the effect of labor productivity growth, workers’ bargaining power, and legal minimum wage revision rules on income distribution in a novel agent-based macroeconomic model mostly inspired by the post-Keynesian literature. Its main novelties are a wage bargaining process and a mark-up adjustment rule featuring a broader set of dimensions and coupled channels of interaction. The former allows nominal […]

19 ago 22

Currency hierarchy, inflation targeting and structural change: the Brazilian experience

The aim of this chapter is to analyze how the exchange rate dynamics has affected the manufacturing production and jeopardized structural change in Brazil since the adoption of the Inflation Targeting Regime (ITR) in 1999. The analysis shows that the very subordinated position of the Brazilian real in the currency hierarchy results in a cyclical and volatile behavior of the […]
Ir para o topo