Aragón, Edilean Kleber da Silva Bejarano; Medeiros, … - In: Economia : revista da ANPEC 14 (2013) 2, pp. 61-76
In this paper, we extend Surico's (2007a) model to an open economy and test if the Brazilian Central Bank's loss function is asymmetric with regard to positive and negative deviations of the output gap and of the inflation rate from its target. Furthermore, we use tests for structural breaks to...
