This paper tests the assertion, popularized by Arida et al.(2005), that risks associated with
the jurisdiction and currency inconvertibility are relevant determinants of the high level of …

Abstract We test the Expectations Hypothesis (EH) plus Rational Expectations (RE) in the
Brazilian term-structure of interest rates, using maturities ranging from 1 month to 12 months …

This paper estimates reduced-form Phillips curves for Brazil with a framework of time series
with unobserved components, in the spirit of Harvey (2011). However, we allow for …

In this paper, we extend Surico's (2007a) model to an open economy and test if the Brazilian
Central Bank's loss function is asymmetric with regard to positive and negative deviations of …

Esta dissertação investiga a existência e a relevância do canal de empréstimos bancários
no Brasil, utilizando dados de balancetes de instituições financeiras. Adotando uma …

In this work, we seek to investigate the existence of nonlinearities in the reaction function of
the Central Bank of Brazil arising from this policymaker's uncertainties about the effects of …

This paper tests sustainability of Brazilian public debt in the period 1991 to 2009, and
analyzes implications of requiring that the Brazilian fiscal policy be primarily committed to …

The estimated interest rate rules are reduced form equations and for that reason they do not
directly reveal anything about the structural parameters of monetary policy. In this paper, we …

Brazil has one of the world's fastest growing economies and a fascinating history
underpinning its evolution. This book presents an analysis of the state's role in monetary …

MUDANÇAS DE REGIMES NA FUNÇÃO DE REAÇÃO DO BANCO CENTRAL DO BRASIL:
UMA ABORDAGEM UTILIZANDO MARKOV REGIME SWITCHING Wellin Page 1 MUDANÇAS …