Date of Award

5-2026

Document Type

Thesis

Degree Name

Bachelor of Arts (BA)

Department

Social Sciences

First Advisor

Khemraj, Tarron

Area of Concentration

Financial Economics

Abstract

This thesis examines the determinants of Brazilian inflation in the context of demand-pull and cost-push dynamics. The study aims to assess whether inflation in Brazil is primarily driven by demand-side pressures, supply-side factors, or a combination of both. For the empirical analysis, three ARDL models are estimated using quarterly data from 2006 to 2025. The first model includes only demand-side variables, the second focuses on supply-side variables, and the third incorporates both demand and supply factors. The results indicate that inflation in Brazil cannot be fully explained by either demand or cost pressures in isolation; rather, it arises from the interaction between the two. These findings suggest that effective inflation control in Brazil requires not only monetary policies aimed at managing domestic demand but also measures designed to mitigate external and cost-related pressures.

Rights

The author has granted New College of Florida the nonexclusive right to archive, make accessible, and distribute for educational purposes this work in whole or in part in all forms of media, now or hereafter known. The copyright of this work remains with the author.

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