The adoption of the Taylor rule is an essential element of the New Consensus on Monetary Policy, characterized by the recent acceptance, by the orthodoxy, of money stock endogeneity. In line with the reviewed literature, a reaction function of the Brazilian Central Bank (BCB) is estimated with a...

This paper attempts to extend empirical investigations about the asymmetric effects of monetary shocks in the Brazilian economy. We specify and estimate a nonlinear smooth transition vector autoregressive model including output, price level, exchange rate and a monetary policy indicator (Selic...

This article investigates the effects of monetary policy shock in the Brazilian real state market using structural VAR through the period June/2000 to August/2010. The identification is done following the agnostic procedure suggested by Uhlig (2005). The mains results are: The stock of credit to...

This article investigates the effects of monetary policy shock in the Brazilian real state market using structural VAR through the period June/2000 to August/2010. The identification is done following the agnostic procedure suggested by Uhlig (2005). The mains results are: The stock of credit to...

This paper attempts to extend empirical investigations about the asymmetric effects of monetary shocks in the Brazilian economy. We specify and estimate a nonlinear smooth transition vector autoregressive model including output, price level, exchange rate and a monetary policy indicator (Selic...

Este artigo analisa o comportamento das economias dos quatro países membros do Mercosul. O objetivo consiste em verificar se, sob regimes de câmbio flutuante, há sinais de convergência macroeconômica entre os países do Bloco. Para tanto, a simulação de choques com o uso de vetores...

This paper aims to contribute to the debate on possible changes in the Brazilian tax system in the light of recent experience of the European Union (EU) and the United Kingdom, with regard to tax rules. International evidence indicates, according to the International Monetary Fund (IMF) Fiscal...

The analysis of the relations between the Executive and Legislative Federal, in Brazil, relate the support of the partisan coalition to government initiatives in Congress with the parties'representation of the base in the ministries. These approaches suppose an understanding that the...

Over the last decades, the challenge of giving support to national economic growth process has become an undisputed issue. Since the second term of the Lula government, the theme of resumption of investment was imposed. In particular, the State of Rio de Janeiro benefited from a cycle of large...

This article aims to suggest a research agenda that reconciles the macroeconomic policy with the development policy. It starts with the structural analysis of Brazilian economy in historical perspective and identifies the structural constraints to economic development in Brazil. The current...