In this paper we do follow a non-stationary discrete approach to model the baseline rate in Brazil. The paper innovates in approaching the decisions in terms of a hike, maintenance or cut in the baseline rate rather than assume that it follows a continuous path. Our model seems to be parsimonious and forecast correctly 83% of the actual Copom decisions. The estimated parameters define a threshold to the Copom actions which is asymmetric, but finds no significant differences between high and low thresholds.O presente artigo utiliza abordagem discreta não estacionaria para modelar taxa de juros no Brasil. O diferencial está em abordar o problema em termos das decisões de alta, baixa ou manutenção da taxa Selic tomadas pelo Copom como uma deci...
O objetivo deste artigo é analisar a validade no uso de políticas fiscais anticíclicas, na tentativa...
This article studies the welfare cost of business cycles fluctuation in Brazil. We use a model, due ...
The goal of this article is to model the desagregated series of taxes in Brazil. We use monthly data...
In this paper we do follow a non-stationary discrete approach to model the baseline rate in Brazil. ...
A hipótese da Paridade do Poder de Compra (PPP) é investigada analisando-se a dinâmica de longo praz...
The response of the interest rate to both the gap between the inflation rate and a given target for ...
Using a structural VAR model, we estimate the historical series of the Brazilian natural rate of int...
This paper aims at modeling the conduct policy of the interest rate by the Monetary Policy Committee...
Um fato estilizado no comportamento dos bancos centrais consiste na suavização da taxa de juros, na ...
Using the model proposed by Cagan (1956), the money demand and prices are investigated in Brazilian ...
O objetivo deste trabalho é investigar como o Banco Central do Brasil (Bacen) responde aos desvios d...
This paper takes for granted that the Brazilian economy is already recovering. Therefore, economic p...
Este trabalho estuda os impactos da política monetária nas variáveis reais da economia brasileira. S...
The aim of this paper is to evaluate the effects of Monetary Policy Committee (COPOM) actions on the...
The paper analyses Brazilian macroeconomic performance following the Collor Plan, against the backgr...
O objetivo deste artigo é analisar a validade no uso de políticas fiscais anticíclicas, na tentativa...
This article studies the welfare cost of business cycles fluctuation in Brazil. We use a model, due ...
The goal of this article is to model the desagregated series of taxes in Brazil. We use monthly data...
In this paper we do follow a non-stationary discrete approach to model the baseline rate in Brazil. ...
A hipótese da Paridade do Poder de Compra (PPP) é investigada analisando-se a dinâmica de longo praz...
The response of the interest rate to both the gap between the inflation rate and a given target for ...
Using a structural VAR model, we estimate the historical series of the Brazilian natural rate of int...
This paper aims at modeling the conduct policy of the interest rate by the Monetary Policy Committee...
Um fato estilizado no comportamento dos bancos centrais consiste na suavização da taxa de juros, na ...
Using the model proposed by Cagan (1956), the money demand and prices are investigated in Brazilian ...
O objetivo deste trabalho é investigar como o Banco Central do Brasil (Bacen) responde aos desvios d...
This paper takes for granted that the Brazilian economy is already recovering. Therefore, economic p...
Este trabalho estuda os impactos da política monetária nas variáveis reais da economia brasileira. S...
The aim of this paper is to evaluate the effects of Monetary Policy Committee (COPOM) actions on the...
The paper analyses Brazilian macroeconomic performance following the Collor Plan, against the backgr...
O objetivo deste artigo é analisar a validade no uso de políticas fiscais anticíclicas, na tentativa...
This article studies the welfare cost of business cycles fluctuation in Brazil. We use a model, due ...
The goal of this article is to model the desagregated series of taxes in Brazil. We use monthly data...