This paper presents the latest version of the annual econometric model for the Brazilian economy developed by the Group of Macroeconomic Analysis and Modelling (Gamma) at IPEA/DIPES. The model is designed to make medium run projections and policy simulations. The specification of the model is...

The VAR/SVAR (Vector Autoregressive and Structural Vector Autoregressive) models are the cornerstone of the contemporaneous empirical macroeconomic research, in particular for being able to measure the impact of fiscal policy shocks. They may be employed as atheoretical models, as well as a mean...