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Time-dependent or state-dependent pricing? Evidence from a large currency devaluation episode
Two classes of models seek to explain the pattern of price adjustment of firms: models time-dependent and state-dependent. The objective of this work is to raise some empirical evidence in order to distinguishing between ...
Os impactos da comunicação do Banco Central no mercado brasileiro: o choque de notícias
The aim of this work is to verify how the communication of the Central Bank of Brazil (statements issued by the interest-rate setting committee, central bank minutes and inflation reports) may affect markets - the reaction ...