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Brazil in the period 1974/94 under the assumption that the monetary policy is passive and that expectations are adaptive. The …
Persistent link: https://www.econbiz.de/10011997229
Persistent link: https://www.econbiz.de/10000920662
, especially in infrastructure. Brazil has one of the highest tax burdens in the world and, at the same time, the public sector has …
Persistent link: https://www.econbiz.de/10012038450
The goal of this paper is to test the Husted model and to inspect the long-run sustainability of Brazilian current account in a very specific period of time (1996-2005) by the use of monthly data. We have tested the inter-temporal budget constraints (IBC) condition via unit root test with...
Persistent link: https://www.econbiz.de/10012038482
implementing economic policies in Brazil. We then use the result of weak exogeneity test to identify a structural vector … appropriate methods points out to high capital mobility for Brazil; b) domestic saving is weakly exogenous in the FH equation; c …
Persistent link: https://www.econbiz.de/10012038727
This paper discusses the question of the concentrated pattern of agricultural development in Brazil, as expressed in … agrarian reform; and the second, that sees in this concentrated pattern of agricultural growth in Brazil a technological … problem. As argued in the paper, these policies turned unviable in Brazil not only the agricultural temporary labor market …
Persistent link: https://www.econbiz.de/10012039043
The paper presents an analysis of the Continuous Cash Benefit Programme (BPC, which stands for Benefício de Prestação Continuada in Portuguese), an unconditional cash transfer to the elderly or to extremely poor individuals with disabilities. The information used in the assessment stems from...
Persistent link: https://www.econbiz.de/10012039122
) Monetary Authorities are conservative in Brazil, smoothing short rate fluctuations; 3) inflation shock, or slope shock …
Persistent link: https://www.econbiz.de/10012039147
We use macro finance models to study the interaction between macro variables and the Brazilian sovereign yield curve using daily data. We calculate the model implied default probabilities and a measure of the impact of macro shocks on the probabilities. An extension of the Dai-Singleton...
Persistent link: https://www.econbiz.de/10012039415
This paper attempts to discern the effectivess of abatement policy and the status of current water quality in Brazil …
Persistent link: https://www.econbiz.de/10011976329