We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Inflation in Portugal Through the Lens of the Fair Model.
- Authors
Bação, Pedro; Diogo Silva, José
- Abstract
This study delves into the dynamics of inflation in Portugal, employing a cost-push model as the analytical framework. The model is estimated using data from 2000Q2 to 2020Q1, a period predating the onset of the COVID-19 pandemic and the surge in inflation. We then produce forecasts spanning from 2020Q2 to 2023Q2. The forecasts hint strongly at a structural break during this latter period, implying that the model offers insufficient representation of inflation dynamics in Portugal. We conclude with a discussion of the model's strengths and limitations in understanding inflation dynamics, shedding light on critical aspects that impact its explanatory power.
- Subjects
PORTUGAL; PRICE inflation; CORONAVIRUS diseases; PANDEMICS; ECONOMIC policy
- Publication
Notas Económicas: Revista da Faculdade de Economia da Universidade de Coimbra, 2023, Issue 57, p87
- ISSN
0872-4733
- Publication type
Article
- DOI
10.14195/2183-203X_57_4