01798cas a2200253 a 4500 AALejournalIMF014326 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475585230 1018-5941 BD-DhAAL BD-DhAAL Roache, Shaun. Inflation Persistence in Brazil : A Cross Country Comparison / Shaun Roache. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Inflation persistence is sometimes defined as the tendency for price shocks to push the inflation rate away from its steady state-including an inflation target-for a prolonged period. Persistence is important because it affects the output costs of lowering inflation back to the target, often described as the 'sacrifice ratio'. In this paper I use inflation expectations to provide a comparison of inflation persistence in Brazil with a sample of inflation targeting (IT) countries. This approach suggests that inflation persistence increased in Brazil through early 2013, in contrast to many of its IT peers, mainly due to 'upward' persistence. The 2013 rate hiking cycle may have contributed to some recent decline in persistence. Mode of access: Internet Brazil imf IMF Working Papers; Working Paper ; No. 2014/055 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/055/001.2014.issue-055-en.xml IMF e-Library