The study presents a macro-finance model to analyze the impacts of a fiscal policy shock in the Brazilian term structure of interest rate in the period 1999-2010. Fiscal policy explains a higher proportion of the long-term interest rate variance (25% of the five years rate) comparing to the...

The study presents a macro-finance model to analyze the impacts of a fiscal policy shock in the Brazilian term structure of interest rate in the period 1999-2010. Fiscal policy explains a higher proportion of the long-term interest rate variance (25% of the five years rate) comparing to the...

In this study, we undertook an econometric analysis aim to forecast the disaggregated series of ICMS administered by Confaz. Three methodologies were applied: i) the dynamic structural model (BSTS); ii) the dynamic linear model (MLD); and iii) the dynamic factorial model (MFD), all of them...

In this study, we undertook an econometric analysis aim to forecast the disaggregated series of ICMS administered by Confaz. Three methodologies were applied: i) the dynamic structural model (BSTS); ii) the dynamic linear model (MLD); and iii) the dynamic factorial model (MFD), all of them...