Showing 1 - 10 of 1,019
Persistent link: https://www.econbiz.de/10000997430
Persistent link: https://www.econbiz.de/10001671976
This article analyzes the exchange rate misalignment in Brazil in the period between 1994 and the early 2008, exploring … estimations allowed the calculation of the exchange rate misalignment in Brazil. This shows that the exchange rate was overvalued … discusses the main causes of the exchange rate misalignment in Brazil, focusing on the recent period. In this regard, the …
Persistent link: https://www.econbiz.de/10003857099
Brazil and abroad. The second model uses a result from international trade, the fundamental exchange rate must equilibrate …
Persistent link: https://www.econbiz.de/10011749636
The aim of this study is to evaluate the potential process of early deindustrialization in Brazil, or the reduction of … reduction process of manufacturing share in the added value, which has been observed in Brazil since the 1980`s. Our major … interest is to evaluate if the overvaluation of the exchange rate in Brazil could exert some influence on this process and the …
Persistent link: https://www.econbiz.de/10009411264
This paper aims to estimate the equilibrium real exchange rate for the Brazilian economy. The equilibrium exchange rate is defined as the level of exchange that guarantees that the net foreign asset position is stable over time. An econometric model is estimated using cointegration techniques....
Persistent link: https://www.econbiz.de/10009314554
We estimate the Phillips curve with an exchange rate shock to the Brazilian economy. Besides panel data, we estimate the Phillips curve by time series methodology, including Bayesian techniques and Smoothing Transition Regressions (STR) model. The econometric results show three important...
Persistent link: https://www.econbiz.de/10009273892
We estimate a VAR model of the Phillips curve with an exchange rate shock to the Brazilian economy. Several different specifications, with different time frequencies, were estimated. Overall the results were robust to these changes, and can be summed up in the following: i) the pass-through to...
Persistent link: https://www.econbiz.de/10009553780
This paper aims at assessing the effects of real exchange rate overvaluation over the export composition for developing countries in a time span of 1970-2004. For this intent, it is estimated an exchange rate overvaluation index by using panel cointegration techniques (Dynamic Ordinary Least...
Persistent link: https://www.econbiz.de/10009615774
Persistent link: https://www.econbiz.de/10000981489