The goal of this paper is to evaluate the behavior of the main parameters of the Brazilian economy through the estimation of an open-economy dynamic stochastic general equilibrium (DSGE) model using Bayesian methods and allowing for Markov switching of certain parameters. Using the DSGE model...

In this work, we seek to investigate the existence of nonlinearities in the reaction function of the Central Bank of Brazil arising from this policymaker's uncertainties about the effects of the output gap on inflation. Theoretically, we follow Tillmann (2011) to obtain a nonlinear optimal...

Este artigo trata da estimacao de equacoes de exportacao em um arcabouco de mecanismo de correcao de erros. Se da atencao especial a um possivel problema de instabilidade dos parametros, resultante da mudanca no regime de politica comercial induzida pelas medidas de promocao de exportacoes...