Showing 1 - 10 of 274
Central Bank transparency: an analysis of the Brazilian case. Nowadays there is a tendency among central banks of … increasing transparency in the conduction of the monetary policy. After the adoption of inflation targeting in Brazil there was … recent theoretical and empirical literature concerning this subject. Furthermore, an analysis due to the transparency in the …
Persistent link: https://www.econbiz.de/10003995652
function as a guide for the inflationary expectations of economic agents, transparency in the handling of the monetary policy … empirical research concerning transparency in handling monetary policy. The main conclusion suggests that transparency must be …
Persistent link: https://www.econbiz.de/10005784947
Persistent link: https://www.econbiz.de/10010254095
Persistent link: https://www.econbiz.de/10010401540
Persistent link: https://www.econbiz.de/10012229970
Persistent link: https://www.econbiz.de/10014524889
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/10010330557
It is proposed to estimate two versions of the potential output for Brazil in the period 1992-2010, through the production function and the HP filter, and use these results to: i) assess the relevance of the output gap in the monetary policy decisions (comparing the two estimates); and ii) to...
Persistent link: https://www.econbiz.de/10010330725
We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...
Persistent link: https://www.econbiz.de/10010331102
Uma avaliação empírica da existência de racionamento de crédito, segundo Stiglitz e Weiss (1981), requer o estudo do impacto da política monetária sobre o mercado de crédito, em especial sobre a taxa de juros dos empréstimos. Desta forma, o objetivo deste artigo é analisar as...
Persistent link: https://www.econbiz.de/10009446743