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in the estimation allows the stipulation of an expenditure level that meets the demands of the population. Using data …
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in the estimation allows the stipulation of an expenditure level that meets the demands of the population. Using data …
Persistent link: https://www.econbiz.de/10013277350
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...
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