Castro, Marcos R. de; Gouvea, Solange N.; Minella, André; … - Central Bank of Brazil, Research Department - 2011
We develop and estimate a DSGE model for the Brazilian economy, to be used as part of the macroeconomic modeling framework at the Central Bank of Brazil. The model combines the building blocks of standard DSGE models (e.g., price and wage rigidities and adjustment costs) with the following...