Este trabalho estima a taxa de juros natural ea Regra de Taylor para o Brasil no período
2003-2015. A taxa de juros natural de uma economia aberta pequena é igual a taxa de …

The interaction between fiscal and monetary policy is analyzed by means of a game theory
approach. The coordination between these two policies is essential, since decisions taken …

It is often the case that when the stance of monetary policy is discussed in the news,
reference is made to the nominal policy rate and how much the central bank had changed …

We investigate the role of financial dollarization and systemic risks in the determination of
real interest rates in Brazil. In a simple currency-choice portfolio model, we show that a …

With a panel-data approach, this paper expands the scope of the financial dollarization
literature to investigate the determinants of the real interest rate in emerging economies …

This paper measures the natural interest rate for the Turkish economy as an unobserved
stochastic variable. In doing so, the study adopts a systems approach, based on a …

This paper applies a multivariate Kalman filter to estimate the neutral real interest rate
(NRIR) in Brazil, from 2002Q1 to 2017Q3. Our state-space representation combines semi …

This paper estimates the natural rate of interest (NRI) for Brazil between the third quarter of
1999 and the first quarter of 2018. The seminal model proposed by Laubach and Williams …

The aim of this paper is to estimate the Brazilian neutral real interest rate and, based on the
results, evaluate the stance of monetary policy in Brazil in the last decade. We present some …

Purpose The purpose of this paper is to analyze the conduct of monetary policy in Brazil and
estimate the country's neutral real interest rate. Design/methodology/approach The authors …