Abstract

In this article we present some estimates for the Non-Accelerating Inflation Rate
of Unemployment (NAIRU) using Brazilian Data. Two different models, Nishizaki (1997)
and Debelle and Laxton (1997), are used. The NAIRU is estimated using both the IBGE and
DIEESE data. The results show a linear Phillips curve for Brazil and allow a good estimate
of the NAIRU. For the IBGE data we obtain a time varying NAIRU while for the DIEESE
data best estimate generates a fixed NAIRU. Our results are in line with the acceleration of
inflation during the eighties and the price stability that follow the Real Plan.

JEL Classification: E24; E31.