Areosa, Waldyr Dutra; Coelho, Christiano Arrigoni - Central Bank of Brazil, Research Department - 2013
The goal of this paper is to present how a Dynamic General Equilibrium Model (DSGE) can be used by policy makers in the qualitative and quantitative evaluation of the macroeconomics impacts of two monetary policy instruments: (i) short term interest rate and (ii) reserve requirements ratio. In...