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After the publication of The General Theory of Employment, Interest and Money (hereafter, GT), an intense debate about its main preposition – that the long-run equilibrium of the economy is a position of involuntary unemployment – was established. The consensus view that emerged from it,...
Persistent link: https://www.econbiz.de/10005551006
O presente artigo apresenta um modelo dinâmico não linear que gera um ciclo-limite a partir de duas equações diferenciais, onde uma dessas equações representa a dinâmica do ajustamento de preços e a outra o ajustamento das quantidades, em um contexto em que prevalecem preços e salários...
Persistent link: https://www.econbiz.de/10008516706
This paper analyzes the dynamic properties of a DSGE model for Brazil, under alternative model parameterizations. First …
Persistent link: https://www.econbiz.de/10010330678
stochastic general equilibrium (DSGE) model for Brazil. The model is based on Smets and Wouters (2003) and Christiano ET AL.(2005 …
Persistent link: https://www.econbiz.de/10010330846
stochastic general equilibrium" (DSGE) model for Brazil. The model is based on Smets and Wouters (2003) and Christiano ET AL …
Persistent link: https://www.econbiz.de/10003965221
This paper analyzes the dynamic properties of a DSGE model for Brazil, under alternative model parameterizations. First …
Persistent link: https://www.econbiz.de/10009229267
O crescimento econômico tem sido uma das grandes questões da sociedade atual. Desde 2008 as grandes potências vêm enfrentando dificuldades para retornar ao ciclo de desenvolvimento pelo qual passavam antes da crise mundial afetando os países emergentes que, por sua vez, devem buscar uma...
Persistent link: https://www.econbiz.de/10011400610
during 2015 in Brazil. This is done within a DSGE model with a detailed public sector developed and calibrated for the …
Persistent link: https://www.econbiz.de/10012146724
The purpose of this paper is to present an overview of foresight methods and techniques, with the aim of updating the debate and highlighting the more recent approaches in the field. In revisiting these methods and techniques, we observed the need for a brief incursion in an epistemological...
Persistent link: https://www.econbiz.de/10012146774
The fit of empirical Taylor Rules to Brazilian data improves if we consider the hypothesis of interest rate inertia. Inertia seems to be part of monetary policy of several countries and reflects the action of Central Banks of not adjusting once-for-all to changing conditions. This article...
Persistent link: https://www.econbiz.de/10005531067