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This Selected Issues paper analyzes pace of economic growth for Brazil. Moderating activity and stubbornly elevated … inflation since 2010 have led to a reevaluation of Brazil’s long-term potential growth rate. Growth accounting suggests that …
Persistent link: https://www.econbiz.de/10011242465
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...
Persistent link: https://www.econbiz.de/10011163120
Australia, but also for other economies with comparable resource exports such as Brazil, Canada, Chile, Russia and South Africa …
Persistent link: https://www.econbiz.de/10011129955
Brazil. Argues that the effects of these crises on qualitative aspects of employment such as wages and employment status have … crisis, quantitative aspects of employment, namely employment and unemployment rates, improved for women and blacks …. Demonstrates also that the negative differentiated impacts on qualitative aspects of employment that were visible in the 1998 …
Persistent link: https://www.econbiz.de/10010965842
Persistent link: https://www.econbiz.de/10011079848
When dealing with credit booms driven by capital inflows, monetary authorities in emerging markets are often reluctant to raise interest rates, as they fear that an increase attracts even more capital and appreciates the currency. A number of countries therefore use reserve requirements as an...
Persistent link: https://www.econbiz.de/10010902527
Brazil's fiscal adjustment since the floating of the real in 1999 has been impressive, even in periods of lacklustre …. This Working Paper relates to the 2005 OECD Economic Survey of Brazil (www.oecd.org/eco/survey/brazil).<P>Orientation de la …
Persistent link: https://www.econbiz.de/10005046134
Persistent link: https://www.econbiz.de/10005613576
explaining business cycle fluctuations in Brazil. I consider the role of transitory and permanent components of neutral and …
Persistent link: https://www.econbiz.de/10011048830
This paper investigates the transmission of monetary policy by private banks in Brazil during the recent easing cycle …. The analysis presented uses a panel dataset with information on lending by private banks in Brazil and concludes that …
Persistent link: https://www.econbiz.de/10011141997