Fonseca, Marcelo Gonçalves da Silva; Pereira, Pedro L. … - Escola de Economia de São Paulo (EESP), Fundação … - 2014
This paper investigates the implications of the credit channel of the monetary policy transmission mechanism in the case of Brazil, using a structural FAVAR (SFAVAR) approach. The term structural comes from the estimation strategy, which generates factors that have a clear economic...
