aplicação das respectivas preferências à situação macroeconómica de Portugal. Começa-se por estimar os parâmetros da função … para reflectir a sua natureza pequena e aberta e, com dados para Portugal 1999:I-2007:II, estima-se esse modelo em … o observado em 1999:I-2007:II. Em resumo, conclui-se que a política monetária adequada a Portugal teria envolvido taxas …

monetization and aggregate demand. In the second subperiod, from 1999 to 2004, the Central Bank used reserve requirements less …

Central Bank was active. …

financial firms. The balance sheets reveal, besides the monetary policy instruments employed by the Central Bank, its structural … liquidity position. If the banking system features a structural liquidity deficit, the Central Bank will provide the required … Central Bank will be in the job of absorbing surplus liquidity. From the stocks, the paper moves on to flows, analyzing …

monetization and aggregate demand. In the second subperiod, from 1999 to 2004, the Central Bank used reserve requirements less …

financial firms. The balance sheets reveal, besides the monetary policy instruments employed by the Central Bank, its structural … liquidity position. If the banking system features a structural liquidity deficit, the Central Bank will provide the required … Central Bank will be in the job of absorbing surplus liquidity. From the stocks, the paper moves on to flows, analyzing …

Central Bank was active. …