04958oam 22012254 450 991078840570332120230828235658.01-4623-2860-11-4527-3197-71-283-51548-21-4519-0988-89786613827937(CKB)3360000000443721(EBL)3014549(SSID)ssj0000939924(PQKBManifestationID)11512675(PQKBTitleCode)TC0000939924(PQKBWorkID)10946352(PQKB)11361568(OCoLC)694141258(MiAaPQ)EBC3014549(IMF)WPIEE2006275(EXLCZ)99336000000044372120020129d2006 uf 0engur|n|---|||||txtccrThe Myth of Post-Reform Income Stagnation in Brazil /Irineu de Carvalho Filho, Marcos ChamonWashington, D.C. :International Monetary Fund,2006.1 online resource (36 p.)IMF Working Papers"December 2006."1-4518-6535-X Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. EMPIRICAL METHODOLOGY""; ""III. DATA""; ""IV. RESULTS""; ""V. EVIDENCE FROM DURABLE GOODS OWNERSHIP AND ANTHROPOMETRICS""; ""VI. CONCLUSION""; ""REFERENCES""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.IMF Working Papers; Working Paper ;No. 2006/275Inflation (Finance)BrazilStructural adjustment (Economic policy)BrazilMacroeconomicsimfPublic FinanceimfConsumer Economics: Empirical AnalysisimfMeasurement and Data on National Income and Product Accounts and WealthimfEnvironmental AccountsimfMeasurement and Analysis of PovertyimfEconomic Development: GeneralimfEconomic IntegrationimfNational Government Expenditures and Related Policies: GeneralimfPersonal Income, Wealth, and Their DistributionsimfPrice LevelimfInflationimfDeflationimfUrban, Rural, and Regional Economics: Household Analysis: GeneralimfPublic finance & taxationimfExpenditureimfPersonal incomeimfConsumer price indexesimfTotal expendituresimfHousehold consumptionimfNational accountsimfPricesimfExpenditures, PublicimfIncomeimfPrice indexesimfConsumptionimfEconomicsimfBrazilimfInflation (Finance)Structural adjustment (Economic policy)MacroeconomicsPublic FinanceConsumer Economics: Empirical AnalysisMeasurement and Data on National Income and Product Accounts and WealthEnvironmental AccountsMeasurement and Analysis of PovertyEconomic Development: GeneralEconomic IntegrationNational Government Expenditures and Related Policies: GeneralPersonal Income, Wealth, and Their DistributionsPrice LevelInflationDeflationUrban, Rural, and Regional Economics: Household Analysis: GeneralPublic finance & taxationExpenditurePersonal incomeConsumer price indexesTotal expendituresHousehold consumptionNational accountsPricesExpenditures, PublicIncomePrice indexesConsumptionEconomicsde Carvalho Filho Irineu1485160Chamon Marcos1090692DcWaIMFBOOK9910788405703321The Myth of Post-Reform Income Stagnation in Brazil3850028UNINA