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authorities in 2012 on the market volatility of both sectors and their covariance. We also adopt the volatility impulse response …
Persistent link: https://www.econbiz.de/10011372325
authorities in 2012 on the market volatility of both sectors and their covariance. We also adopt the volatility impulse response …
Persistent link: https://www.econbiz.de/10011338737
Persistent link: https://www.econbiz.de/10011770459
A partir d’une approche interdisciplinaire, l’article cherche à élucider ce qu’on peut appeler la nature de la monnaie. Pour cela, on distingue d’abord les propriétés génériques de toute monnaie et ses usages non spécifiquement monétaires. On présente ensuite les trois formes...
Persistent link: https://www.econbiz.de/10008679053
The paper discusses the impacts of an inflation target regime on growth, distribution and stability in an open economy from a Post-Keynesian perspective. The model combines a conflicting claims theory of inflation, changes in the rate of capacity utilization and equilibrium in the external...
Persistent link: https://www.econbiz.de/10009642541
In the recent debate on the Brazilian growth model, the accuracy of the economic tripod (inflation targeting, primary fiscal target and floating exchange rate regimes) was pointed out as being responsible for the lowering of Brazilian economic growth and as a hindrance to its development....
Persistent link: https://www.econbiz.de/10011372323
This brief essay discusses the balance sheet evolution of the banking system in Brazil in the recent period, between March 2007 and March 2014, as well as analyses methodological aspects of balance sheet data of the banks in Brazil. The study shows substantial changes in the banking system...
Persistent link: https://www.econbiz.de/10011444824
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
a context of high exchange rate volatility, as well as high public debt. In order to accomplish this, a Vector …) the inflation rate is quite sensitive to the exchange rate volatility; v) the inflation rate answers, in way erratic and …
Persistent link: https://www.econbiz.de/10004968485
change and volatility of the exchange rate. For that purpose, three variables are tested as thresholds: i) output gap, ii …) exchange rate change, and iii) exchange rate volatility. The results indicate that the short-run pass-through is higher when … the economy is booming, when the exchange rate depreciates above some threshold and when the exchange rate volatility is …
Persistent link: https://www.econbiz.de/10004968541