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adoption of the inflation targeting regime in Brazil. The BCB`s reaction function has some features that corroborate the thesis …
Persistent link: https://www.econbiz.de/10003757828
This paper investigates the relationship between interest rate and volatility of real effective exchange rate in Brazil … inflation targeting, this account suggests that the high exchange rate volatility in Brazil may be related to the monetary …
Persistent link: https://www.econbiz.de/10009229326
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This paper aims to outline the basis for a development strategy for Brazil. Therefore, it starts from some basic … description of the Brazil we want, the definition of a macroeconomic policy in order to reach it, and a set of public policies to …
Persistent link: https://www.econbiz.de/10003748568
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This paper attempts to extend empirical investigations about the asymmetric effects of monetary shocks in the Brazilian economy. We specify and estimate a nonlinear smooth transition vector autoregressive model including output, price level, exchange rate and a monetary policy indicator (Selic...
Persistent link: https://www.econbiz.de/10009268869