Portuguese Abstract: O objetivo deste artigo é avaliar se o Projeto de Lei Complementar 488/2017 do Senado (PLS 488/2017) pode aumentar a permeabilidade dos criadores de políticas públicas ao uso de evidências, sobretudo comportamentais. A hipótese é a de que a regulação proposta pode...

We apply and test term structure fitting models like polynomial splines, flat forward and Nelson-Siegel to the Brazilian local term structure. They are models used all over the world by authorities and financial markets practitioners but less known locally. These models were tested with a large...

The management of Brazil's public debt imposes a high fiscal cost due to the burden of interest payments. A key factor contributing to the substantial cost of servicing public debt, which hinders the balance of public accounts, is the structurally high nominal and real basic interest rates. The...

The management of Brazil's public debt imposes a high fiscal cost due to the burden of interest payments. A key factor contributing to the substantial cost of servicing public debt, which hinders the balance of public accounts, is the structurally high nominal and real basic interest rates. The...

The article aspires to understand the monetary policy transmission mechanisms and whether they result in the aimed effects. We define and detail these monetary policy transmission mechanisms, showing some recent changes in monetary economics. We emphasize that modern CBs use interests as their...

This paper discusses central banking and the operation of monetary policy from a post-Keynesian perspective. It examines some current propositions concerning the conduct of monetary policy - such as inflation targets, contingent rules, and central bank independence - under the assumption that...

The purpose of this paper is to examine effects of Brazilian "Plano Real" on credit during the initial years of implementation, and the profile of the borrower during this period. After the adoption of the Plano Real, there was an increase in the duration of contracts, from a maximum of 3 months...

Portuguese Abstract: Depois de reduzir as taxas inflacionárias e compor um lastro em reservas cambiais para dar segurança às movimentações do comércio exterior brasileiro, em termos macroeconômicos, a redução da taxa de juros SELIC é a mais importante aquisição recente da economia...