This paper presents new econometric specifications for the quarterly behavior of the aggregate consumption of Brazilian households in the 1995-2009 period. It is argued, in particular, that the use of quarterly measures of both private disposable income (in chained 1995 prices) and the credit...

This paper estimates the primary structural budget balance (eliminating the effects due to cyclical fluctuations in GDP and oil price) for the central government and public administrations from 1997 to the second quarter of 2010. Some adjustments were made on the IMF methodology to account for...

This paper presents new econometric specifications for the Brazilian exports in the period 1995-2009 using data from the Quarterly Accounts and allowing for nonlinearities. In the cointegrating vector, there is evidence of a level shift, but the elasticities have not changed significantly. The...

This paper shows new econometric estimates for the Brazilian function of aggregate imports. Besides the basic relation, which includes income and relative price and identifies a demand equation (canonic model), we explore the pronounced co-movements between total imports, household consumption...

We estimate a VAR model of the Phillips curve with an exchange rate shock to the Brazilian economy. Several different specifications, with different time frequencies, were estimated. Overall the results were robust to these changes, and can be summed up in the following: i) the pass-through to...

This paper estimates the primary structural balance and the fiscal impulse for the Brazilian public administrations from 1997 to 2010. We performed two adjustments: i) initially, one-off measures (including those resulting from creative accounting) were identified; and, ii) after this correction,...

This paper presents new econometric specifications for the Brazilian exports in the period 1995-2009 using data from the Quarterly Accounts and allowing for nonlinearities. In the cointegrating vector, there is evidence of a level shift, but the elasticities have not changed significantly. The...