Céspedes, Brisne J. V.; Lima, Elcyon C. R.; Maka, Alexis; … - Instituto de Pesquisa Econômica Aplicada (IPEA), … - 2015
In this article we use the theory of conditional forecasts to develop a new Monetary Conditions Index (MCI) for Brazil and compare it to the ones constructed using the methodologies suggested by Bernanke and Mihov (1998) and Batini and Turnbull (2002). We use Sims and Zha (1999) and Waggoner and...
