Showing 1 - 10 of 28
Persistent link: https://www.econbiz.de/10003645099
This paper deals with the role of the public debt on the transmission mechanism of monetary policy. An IS function where the Ricardian Equivalence does not prevail and Phillips curve are estimated by full information maximum likelihood (FIML), General Method of Moments (GMM) and bootstrap...
Persistent link: https://www.econbiz.de/10003823371
Persistent link: https://www.econbiz.de/10012631160
Persistent link: https://www.econbiz.de/10012010408
Persistent link: https://www.econbiz.de/10011865607
This paper presents optimal rules for monetary policy in Brazil derived from a backward looking expectation model consisting of a Keynesian IS function and an Augmented Phillips Curve (IS-AS). The IS function displays a high sensitivity of aggregate demand to the real interest rate and the...
Persistent link: https://www.econbiz.de/10011773818
Persistent link: https://www.econbiz.de/10010854680
Persistent link: https://www.econbiz.de/10010854682
Persistent link: https://www.econbiz.de/10010854765
This paper presents optimal rules for monetary policy in Brazil derived from a backward looking expectation model consisting of a Keynesian IS function and an Augmented Phillips Curve (IS-AS). The IS function displays a high sensitivity of aggregate demand to the real interest rate and the...
Persistent link: https://www.econbiz.de/10011268133