This paper verifies the uncovered interest parity to Brazilian economy. The main finding is that under fixed exchange rate the uncovered interesty parity fails. This confirms the theoretical point proposed by Krasker (1980)

This paper verifies the uncovered interest parity to Brazilian economy. The main finding is that under fixed exchange rate the uncovered interesty parity fails. This confirms the theoretical point proposed by Krasker (1980)

This article suggests an alternative approach, nested in exogeneity tests, to test the Ricardian Equivalence Hypothesis. The intuitive appeal and the sophisticated statistical method are the advantages of this new procedure. Furthermore, it is argued against the use of the value of correlation...