This article investigates the effects of monetary policy shock in the Brazilian real state market using structural VAR through the period June/2000 to August/2010. The identification is done following the agnostic procedure suggested by Uhlig (2005). The mains results are: The stock of credit to...

This article investigates the effects of fiscal policy shock in the Brazilian economy using quarterly data during the period between January/1995 and December/2007. We follow the agnostic procedure suggested by Monford and Uhlig (2005) to verify separately the impact of the unexpected positive...

This article investigates the effects of monetary policy shocks in the Brazilian economy through the period of July/1999 to January/2008. We follow the procedures suggested by Uhlig (2005) to verify the impact of the monetary policy shock over both inflation and output. The main consequences of...