This article investigates the effects of monetary policy shocks in the Brazilian economy through the period of July/1999 to January/2008. We follow the procedures suggested by Uhlig (2005) to verify the impact of the monetary policy shock over both inflation and output. The main consequences of...

This article investigates the effects of monetary policy shock in the Brazilian real state market using structural VAR through the period June/2000 to August/2010. The identification is done following the agnostic procedure suggested by Uhlig (2005). The mains results are: The stock of credit to...

Based on the relation between investment and domestic saving proposed by Feldstein and Horioka (1980) to verify capital mobility, this study performs some exogeneity tests in order to determine the capacity of the FH equation of supporting and implementing economic policies in Brazil. We then...

This article investigates the effects of fiscal policy shock in the Brazilian economy using quarterly data during the period between January/1995 and December/2007. We follow the agnostic procedure suggested by Monford and Uhlig (2005) to verify separately the impact of the unexpected positive...