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Persistent link: https://www.econbiz.de/10001743292
This paper investigates the relationship between interest rate and volatility of real effective exchange rate in Brazil. Through a simultaneous multivariate GARCH model, which allows estimating equations for the mean and variance in a single stage, it was observed that: it's not possible to say...
Persistent link: https://www.econbiz.de/10010330766
the Brazilian Central Bank (BCB) is estimated with a view to evaluating the conduction of monetary policy after the 1999 …
Persistent link: https://www.econbiz.de/10003757828
A contribution to the debate on the efficacy of monetary policy and some implications in the case of Brazil. The main opposition between Keynesian and Classic monetary theories is defined by the former’s proposition of money non-neutrality in the long period. According to Keynes, it is not...
Persistent link: https://www.econbiz.de/10003322980
Persistent link: https://www.econbiz.de/10003821614
Persistent link: https://www.econbiz.de/10003959547
Central Bank transparency: an analysis of the Brazilian case. Nowadays there is a tendency among central banks of … an increase in the communication of the Central Bank of Brazil with the public. This paper makes a brief review of the …
Persistent link: https://www.econbiz.de/10003995652
Persistent link: https://www.econbiz.de/10003704470
Persistent link: https://www.econbiz.de/10003942108
This paper investigates the relationship between interest rate and volatility of real effective exchange rate in Brazil. Through a simultaneous multivariate GARCH model, which allows estimating equations for the mean and variance in a single stage, it was observed that: it’s not possible to...
Persistent link: https://www.econbiz.de/10009229326