This paper presents optimal rules for monetary policy in Brazil derived from a backward looking expectation model consisting of a Keynesian IS function and an Augmented Phillips Curve (IS-AS). The IS function displays a high sensitivity of aggregate demand to the real interest rate and the...

This paper examines the relationship amongst unemployment and interest rates, taxes on household expenditures and exchange rates for Brazil and Mexico. The theoretical framework is based on concepts or corporate finance and firm's profit-maximizing choice. The empirical analysis is derived from...

This paper has estimated the DSGE model proposed by Smets and Wouters (2007) for the Brazilian economy, using Bayesian techniques, aiming at analyzing the recent performance of the inflation targeting monetary policy. It was obtained estimates of barely known structural parameters and the...

O objetivo deste artigo é avaliar o efeito da composição dos gastos públicos (corrente e de capital) sobre o crescimento da renda per capita dos municípios brasileiros no período 1991-2000. O modelo de Devarajan et alii (1996) foi usado como referência para verificar como variáveis...