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Record Nr. |
UNINA9910788405703321 |
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Autore |
de Carvalho Filho Irineu |
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Titolo |
The Myth of Post-Reform Income Stagnation in Brazil / / Irineu de Carvalho Filho, Marcos Chamon |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-2860-1 |
1-4527-3197-7 |
1-283-51548-2 |
1-4519-0988-8 |
9786613827937 |
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Descrizione fisica |
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1 online resource (36 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Inflation (Finance) - Brazil |
Structural adjustment (Economic policy) - Brazil |
Macroeconomics |
Public Finance |
Consumer Economics: Empirical Analysis |
Measurement and Data on National Income and Product Accounts and Wealth |
Environmental Accounts |
Measurement and Analysis of Poverty |
Economic Development: General |
Economic Integration |
National Government Expenditures and Related Policies: General |
Personal Income, Wealth, and Their Distributions |
Price Level |
Inflation |
Deflation |
Urban, Rural, and Regional Economics: Household Analysis: General |
Public finance & taxation |
Expenditure |
Personal income |
Consumer price indexes |
Total expenditures |
Household consumption |
National accounts |
Prices |
Expenditures, Public |
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Income |
Price indexes |
Consumption |
Economics |
Brazil |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. EMPIRICAL METHODOLOGY""; ""III. DATA""; ""IV. RESULTS""; ""V. EVIDENCE FROM DURABLE GOODS OWNERSHIP AND ANTHROPOMETRICS""; ""VI. CONCLUSION""; ""REFERENCES"" |
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Sommario/riassunto |
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This paper uses Engel curves to estimate real income growth in Brazil. The estimated per capita household real income growth in metropolitan areas during 1987-2002 is about 4½ percent per year, well above the "headline" growth of 1½ percent obtained by deflating nominal incomes by the CPI. This suggests a substantial CPI bias during that period, likely owing to one-off effects of trade liberalization and inflation stabilization. The estimated unmeasured gains are higher for poorer households, implying a marked reduction in "real" inequality. This finding challenges the conventional wisdom that post-reform real income growth in Brazil was low. |
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