The aim of this paper is to study the effects of public debt management on yield curve spreads in Brazil, in order to see possible impacts on the country's economic activity. State space models, together with Kalman Filter estimators, are used for the period ranging from June 2002 to February...

Purpose The purpose of this paper is to contribute to the teaching of undergraduate macroeconomics. Design/methodology/approach To suggest a roadmap, based on a consumption function, to be used by instructors willing to teach the Lucas Critique subject. Findings Therefore, this paper proposes a...