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This paper attempts to extend empirical investigations about the asymmetric effects of monetary shocks in the Brazilian economy. We specify and estimate a nonlinear smooth transition vector autoregressive model including output, price level, exchange rate and a monetary policy indicator (Selic...
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primary surplus budget, in the opposite direction of much important economies around the world. Besides, foreign sector played …
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This article investigates the effects of monetary policy shock in the Brazilian real state market using structural VAR through the period June/2000 to August/2010. The identification is done following the agnostic procedure suggested by Uhlig (2005). The mains results are: The stock of credit to...
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primary surplus budget, in the opposite direction of much important economies around the world. Besides, foreign sector played …
Persistent link: https://www.econbiz.de/10010330546