economic uncertainty, term premia, inflation expectations, and bond yields in Brazil. We find strong evidence that inflation … premia in Brazil through elevated exchange rate risk …

) model estimated for Brazil. The empirical results show that the housing market responds positively to aggregate productivity … shocks, while a contractionary monetary policy shock depress housing output, demand and prices. Additionally, we find …

Post-1990 periods. First, I find that a monetary shock and an NBER recession shock differently affect firms' short …-term financing behavior. During recent periods, after a contractionary monetary shock, large firms increase their short-term debt … more than small firms, whereas after an NBER recession shock, large firms decrease most balance sheet variables (including …

Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy … volatility effects of the shock are driven by agents' concern about the (in)ability of the monetary authority to reverse …

-lasting effects on output and total factor productivity (TFP). In this paper, I argue that the typical monetary shock has been … confounded with the news shock about future technology. I propose and implement a novel SVAR approach that effectively ``cleans …'' the technology component from the traditional Cholesky monetary shock. With the new identification, I find that a monetary …