O objetivo deste artigo é apresentar um modelo macrodinâmico pós-keynesiano de simulação para uma economia aberta com câmbio flutuante e mobilidade imperfeita de capitais. Após a apresentação da estrutura básica do modelo, procede-se a simulação computacional do mesmo, a partir da...

The evaluation of forecasts performance of market expectations about the Brazilian inflation rate (Focus survey) is important given the prominent role of these expectations in the conduction of monetary policy in Brazil. Lima e Céspedes (2006) showed that, in the period 2000.1 2005.4, several...

On March, 2011 the signing of the Treaty of Assunción by Argentina, Brazil, Paraguay and Uruguay celebrated its 20th anniversary. Preferential trade agreements that create "joint economic spaces" might be seen as useful tools to promote economic development. This article discusses to what...

This paper argues that the Brazilian economy went recently through a process of accelerated growth driven by exports and fixed capital formation. Although the pace of growth was more robust than in the 1990 decade, we can still see the presence of macroeconomic constraints to its continuation in...

This paper investigates the effect of monetary and exchange rate shocks on disaggregated prices of the Brazilian Consumer Price Index (IPCA), from 1999 to 2011. We analyze the results of a factor-augmented vector autoregressive model (Favar), which are presented by different levels of...

This paper investigates the effect of monetary and exchange rate shocks on disaggregated prices of the Brazilian Consumer Price Index (IPCA), from 1999 to 2011. We analyze the results of a factor-augmented vector autoregressive model (Favar), which are presented by different levels of...

This paper estimates the Brazilian NAILO (Nonaccelerating Inflation Level of Output), obtains (Bayesian) probability bands for the Nailo and for its growth rate, and investigates the relationship between deviations of output with respect to the Nailo and the acceleration of inflation. As...

Este artigo estuda a persistência das flutuações do crescimento econômico brasileiro com dados anuais de 1900 a 2008. Para a análise das séries são usados modelos ARFIMA e testes de raiz unitária com quebras estruturais. Os resultados indicam que ambos PIB e PIB per capita brasileiros...