Jesus, Diego Pitta de; Besarria, Cássio da Nóbrega; … - In: Journal of Economic Studies 47 (2020) 4, pp. 805-825
Purpose: This paper aims to analyze the macroeconomic effects of a monetary policy shock considering that fiscal policy is under fiscal constraints. For that, a dynamic stochastic general equilibrium (DSGE) model was developed for Brazil, which was estimated through Bayesian econometrics....