O objetivo deste trabalho e verificar o desempenho da base monetaria, seus fatores condicionantes e suas inter-relacoes no Brasil. Para enfatizar o Plano Real e sua possivel influencia, o periodo de analise e subdividido nas fases antes do Plano Real, de janeiro de 1992 a junho de 1994, e apos a...

Employing both cointegration analysis and a variety of Granger causality tests, we examine whether the Brazilian stockmarket is efficient in processing new information about public macroeconomic data (semi-strong efficiency). We find the stockmarket to be inefficient, which is in line with most...

Employing both cointegration analysis and a variety of Granger causality tests, we examine whether the Brazilian stockmarket is efficient in processing new information about public macroeconomic data (semi-strong efficiency). We find the stockmarket to be inefficient, which is in line with most...

Employing both cointegration analysis and a variety of Granger causality tests, we examine whether the Brazilian stockmarket is efficient in processing new information about public macroeconomic data (semi-strong efficiency). We find the stockmarket to be inefficient, which is in line with most...