Schettini, Bernardo Patta; Santos, Claudio Hamilton … - 2011
This paper presents new econometric specifications for the quarterly behavior of the aggregate consumption of Brazilian … estimates four quarters "out of sample" is close to 99%. Moreover, the models presented in this paper point to values of the … (approximated) private income elasticity close to 0.4 and credit and interest (semi) elasticities of household consumption close to …
