This paper attempts to extend empirical investigations about the asymmetric effects of monetary shocks in the Brazilian economy. We specify and estimate a nonlinear smooth transition vector autoregressive model including output, price level, exchange rate and a monetary policy indicator (Selic...

This paper attempts to extend empirical investigations about the asymmetric effects of monetary shocks in the Brazilian economy. We specify and estimate a nonlinear smooth transition vector autoregressive model including output, price level, exchange rate and a monetary policy indicator (Selic...

Conselho Monetário, Banco Central e Tesouro : origens e evolução -- Uma relação delicada : quadro legal e institucional -- A Lei 11,803/08 e a expansão do balanço do Banco Central -- Usos e abusos da conta única, das compromissadas e das reservas cambiais -- Mudança de regime fiscal no...