Monetary policy, inflation and the level of economic activity in Brazil after the Real Plan: stylized facts from SVAR models

Monetary policy, inflation and the level of economic activity in Brazil after the Real Plan: stylized facts from SVAR models

This article uncovers some stylized facts about the short run fluctuations of the Brazilian economy after the Real Plan, giving special attention to the identification of the effects of monetary policy shocks. A distinctive feature of this article is the careful attention paid to monetary policy dev...

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Bibliographic Details
Main Authors: Brisne Céspedes, Elcyon Lima, Alexis Maka
Format: Article
Language:English
Published: Fundação Getúlio Vargas 2008-06-01
Series:Revista Brasileira de Economia
Subjects:
Structural VAR
Monetary Policy
Directed Acyclic Graphs
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402008000200001

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