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Convenção e rigidez na política monetária : uma estimativa da função de reação do BCB ; 2000 - 2007

Modenesi, André de Melo (contributor) - 2008

adoption of the inflation targeting regime in Brazil. The BCB`s reaction function has some features that corroborate the thesis … floor; and b) is inattentive to the state of the economy (the inflation and output gaps), and expresses an excessive …

Persistent link: https://www.econbiz.de/10003757828

Propagação assimétrica de choques monetários na economia brasileira : evidências com base em um modelo vetorial não linear de transição suave

Cerqueira, Vinícius dos Santos; Ribeiro, Márcio Bruno; … - 2011

monetary shocks have asymmetric effects on output growth and inflation. Regarding to the business cycle, contractionary …. In addition, we found that inflation and output growth are rigid to countercyclical monetary shocks. …

Persistent link: https://www.econbiz.de/10009268869

Avaliando os efeitos da política fiscal no Brasil : resultados de um procedimento de identificação agnóstica

Mendonça, Mário Jorge Cardoso de; Medrano, Luis Alberto; … - 2009

This article investigates the effects of fiscal policy shock in the Brazilian economy using quarterly data during the period between January/1995 and December/2007. We follow the agnostic procedure suggested by Mountford and Uhlig (2005) to verify separately the impact of the unexpected positive...

Persistent link: https://www.econbiz.de/10003823368

Avaliando o efeito de um choque de política monetária sobre o mercado imobiliário

Mendonça, Mário Jorge Cardoso de; Medrano, Luis Alberto; … - 2011

This article investigates the effects of monetary policy shock in the Brazilian real state market using structural VAR through the period June/2000 to August/2010. The identification is done following the agnostic procedure suggested by Uhlig (2005). The mains results are: The stock of credit to...

Persistent link: https://www.econbiz.de/10009231977

Existe bolha no mercado imobiliário brasileiro?

Mendonça, Mário Jorge Cardoso de; Sachsida, Adolfo - 2012

This article verifies the occurrence of a real estate bubble in the Brazilian economy. Overall, our results suggest the existence of a bubble in the real estate sector of the economy. The Austrian School of economics provides a solid explanation to this phenomenon, which are reinforced by...

Persistent link: https://www.econbiz.de/10009615824

O desempenho do mercado (Focus) na previsão da inflação : novos resultados?

Lima, Elcyon Caiado Rocha; Alves, Paloma Palmieri - 2011

The evaluation of forecasts performance of market expectations about the Brazilian inflation rate (Focus survey) is … important given the prominent role of these expectations in the conduction of monetary policy in Brazil. Lima e Céspedes (2006 …) showed that, in the period 2000.1 2005.4, several models had superior forecast ability than the mean of market inflation rate …

Persistent link: https://www.econbiz.de/10009231336