Silva, Cleomar Gomes da; Vieira, Flávio Vilela - In: Economics Bulletin 34 (2014) 1, pp. 409-419
This paper analyzes the degree of persistence of the ex-post real interest rates of the BRICS (Brazil, Russia, India, China, and South Africa) using long-memory ARFIMA models, as well as unit root tests with structural breaks. For the period ranging from July 2000 to December 2012, the results...
