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This paper uses a dynamic general equilibrium model to study the economic effects of bank account debits (BAD) taxation. Australia and various Latin American countries have levied or levy BAD taxes. Aspects such as financial disintermediation, market illiquidity, and impacts on dividend and...
Persistent link: https://www.econbiz.de/10014072385
We calibrate an artificial monetary economy, similar to the one proposed by Chari, Kehoe and McGrattan (2000), to the post-Real Plan Brazilian economy. We use simulations to evaluate the effects of price rigidity over the business cycles. Economies with little rigidities perform better than...
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correspond to the two E-stable equilibria. The model is calibrated to the exchange rate histories of Argentina, Brazil, and …
Persistent link: https://www.econbiz.de/10014073011
pass-through during the inflation targeting period in Brazil … for the exchange rate pass-through and for the volatility of shocks to inflation. Under the so-called “normal” regime, the … long-run pass-through to consumer prices inflation is estimated at near zero value, only 0.00057 percentage point given a 1 …
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We estimate a DSGE model for Brazil that includes both anticipated and unanticipated fiscal shocks. The model contains …, we find that anticipated shocks are less relevant in Brazil when compared to other countries, and that the degree of …
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