This paper uses the solution of the linear difference model under rational expectation of Blanchard and Kahn (1980) to test the validity of the inflation stickiness and the Rational Expectattion Hypotheses for the Brazilian economy during the period frm 06/95 to 09/02. Using the Fuhrer - Moore...

This paper analyzes the currency crises of the South American countries during the period from 1992 to 1998, based on the Velasco (1996) model. This is a model that synthesizes two approaches: speculative attacks resulting from unbalanced macroeconomics fundamentals and resulting from...