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Preferences of the Central Bank of Brazil under the inflation targeting regime : commitment vs. discretion

Palma, Andreza Aparecida; Portugal, Marcelo Savino - In: Revista brasileira de economia : RBE ; revista da … 65 (2011) 4, pp. 347-358

Persistent link: https://www.econbiz.de/10009628226

Preferences of the Central Bank of Brazil under the inflation targeting regime : estimation using a DSGE model for a small open economy

Palma, Andreza Aparecida; Portugal, Marcelo Savino - In: Journal of policy modeling : JPMOD ; a social science … 36 (2014) 5, pp. 824-839

Persistent link: https://www.econbiz.de/10010487705

Robust monetary policy, structural breaks, and nonlinearities in the reaction function of the Central Bank of Brazil

Medeiros, Gabriela Bezerra de; Portugal, Marcelo Savino; … - In: Economia : revista da ANPEC 17 (2016) 1, pp. 96-113

In this work, we seek to investigate the existence of nonlinearities in the reaction function of the Central Bank of Brazil arising from this policymaker's uncertainties about the effects of the output gap on inflation. Theoretically, we follow Tillmann (2011) to obtain a nonlinear optimal...

Persistent link: https://www.econbiz.de/10011865664

Time-varying neutral interest rate in Brazil : further evidence from a simple New Keynesian model

Palma, Andreza Aparecida; Portugal, Marcelo Savino - In: The empirical economics letters : a monthly … 16 (2017) 7, pp. 633-646

Persistent link: https://www.econbiz.de/10011802221