Ferreira, Diego; Palma, Andreza Aparecida; Hasegawa, … - In: Journal of Economic Studies 48 (2020) 4, pp. 893-911
Purpose: This paper analyzes the potential presence of time-varying asymmetries in the preference parameters of the Central Bank of Brazil during the inflation targeting regime. Design/methodology/approach: Given the econometric issues inherent to classical time-varying parameter (TVP)...