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Using forecasts of the Brazilian real and the Mexican peso, we analyze the shape of the loss function of exchange-rate forecasters and the rationality of their forecasts. We find a substantial degree of cross-sectional heterogeneity with respect to the shape of the loss function. While some...
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"Scholars and policymakers from Brazil, Europe, and the United States examine the present state and likely future of … Brazil's economy. Their analysis focuses particularly on five key topics: agribusiness, energy, trade, social investment, and …
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