This paper studies how adaptive learning affects the interactions between monetary policy,
stock prices and the optimal degree of Rogoff conservatism in a New Keynesian DSGE …

Economists recognize that the economy should be understood as a dynamic complex
system in which numerous agents at the micro level interact, producing aggregate results …

This dissertation consists of three chapters on financial intermediation and international
finance that contribute to our understanding and identification of the transmission of …

The core of this paper is an econometric estimation of the relation between financial stress
anda number of macroeconomic variables (consumption, real GDP, investment …

Abstract The Working Papers should not be reported as representing the views of the Banco
Central do Brasil. The views expressed in the papers are those of the author (s) and do not …