CREDIBILITY OF THE CENTRAL BANK AND GDP EXPECTATIONS: An alternative analysis on the Brazilian’s sacrifice rates from 2002 to 2018
The recent literature on Central Bank credibility points out that an improvement in the latter generates better (a decrease in) sacrifice rates. This paper aimed to analyze whether this effect can be directly observed through GDP expectations. The analysis was based on a VAR model and impulse resp...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | Portuguese |
| Published: |
Universidade Estadual de Londrina
2020-12-01
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| Series: | Economia & Região |
| Subjects: | |
| Online Access: | http://www.uel.br/revistas/uel/index.php/ecoreg/article/view/38705 |