Revised: 2006-05.-- Published as an article in: The Review of Economics and Statistics, 2004, vol. 86, issue 4, pp. 1034-1036.

This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 2004 and the third trimester of 2012, by applying the new Jeanne e Rancière (2011) framework, using different scenarios. The estimates of the optimal holdings of this asset are calculated...

In this Discussion Paper, we test forecasting models for inflation and economic activity with macroeconomic data and economic surveys between January 2002 and October 2019 on a monthly basis. Due to the high dimension nature of the set of explanatory variables, we use machine learning (ML)...