Browsing by Keyword "Exchange rate"
Now showing items 1-20 of 53
-
Uma abordagem GVAR de previsões de taxas de câmbio
2016-02-03O presente trabalho propõe um modelo de previsão simultânea de taxas de câmbio de vários países utilizando a abordagem GVAR e analisa a qualidade destas previsões. Para isso foram utilizados dados de 10 países ou regiões ... -
An assessment of exchange rate impact over Taylor rule determination in Brazil
2017-01-31This work assesses the validity of applying the Taylor Rule to the Brazilian market. Several variables, tools and features were analyzed. Among its variables, inflation, inflation target and output gap were included to ... -
Análise do impacto dos preços das commodities sobre a inflação no Brasil
2014-02-05A literatura mostra que os países cujas economias dependem das exportações de commodities possuem um menor repasse de uma alta do preço das commodities sobre a inflação. Este menor repasse aos preços ocorre uma vez que o ... -
Brazil’s 35 years-old quasi-stagnation: facts and theory
2015-08-07Brazil is growing around 1% per capita a year from 1981; this means for a country that is supposed to catch up, quasi-stagnation. Four historical new facts explain why growth was so low after the Real Plan: the reduction ... -
Brevíssima história da teoria do desenvolvimento: de Schumpeter e Prebisch ao novo desenvolvimentismo
2021-11O desenvolvimentismo clássico foi uma teoria econômica heterodoxa que mostrou que os países precisam de intervenção moderada do Estado na economia para se industrializar. O crescimento depende de investimentos e de uma ... -
Common currency and economic integration in Mercosul
2009Latin America has a long history of attempts to achieve regional integration, yet success has been modest. This paper contends that this is essentially due not so much to protectionist practices in the various countries, ... -
Como sair do regime liberal de política econômica e da quase-estagnação desde 1990
2017-04-01Brazil has grown extraordinarily between 1930 and 1980 under a regime of developmental economic policy; since 1990, it is quasi-stagnant under a liberal regime. Lula did nothing to change it. Dilma Rousseff tried, in 2011, ... -
Comparação de modelos de taxa de câmbio: Random Walk ainda é o melhor modelo?
2019-08-02O caso clássico de comparação de modelos de taxa de câmbio foi amplamente estudado por diversos estudiosos, inclusive tentando reavaliar o conceito contra intuitivo encontrado por Meese e Rogoff (1983) de que o Random Walk ... -
Comparando a capacidade preditiva das projeções de mercado
2011-02-07O objetivo desse trabalho é a comparação das previsões obtidas através da base de dados da pesquisa Focus do Banco Central do Brasil, para as Projeções de Mercado de câmbio, juros e inflação. O trabalho não visa avaliar ... -
Crises financeira nos anos 1990 e poupança externa
2008-12-23Differently of what says conventional economic analysis, the cause of the 1990s financial crises in Mexico, Asia, Brazil and Argentina was not primarily fiscal, but the decision of governments to grow with foreign savings, ... -
Crises financeiras nos anos 1990 e poupança externa
2008-12-01Contrary to what conventional economic analysis afirms, the main cause of the financial crises in emerging countries during the 1990s, beginning with Mexico (1994) and ending with the crisis in Argentina (2001) was not ... -
Debt composition and exchange rate balance sheet effects in Brazil: a firm level analysis
2004-03-01In this paper we study the interaction between macroeconomic environment and firms’ balance sheet effects in Brazil during the 1990’s. We start by assessing the influence of macroeconomic conditions on firms’ debt composition ... -
Deviations from covered interest parity: the role played by fundamentals, financial and political turmoils and market frictions
2019-05Recent works for mature markets on covered interest parity suggest that deviations are mean reverting but persistent particularly after 2008 crisis (Du et al., 2018). Our study aims to contribute to the literature by ... -
Diferencial de juros e taxa de câmbio: um estudo empírico sobre o Brasil pós-plano real
2007-02-05This thesis examines the relationship between interest rates and exchange rate movements using the Uncovered Interest Rate Parity (UIP). Assuming rational expectations, we evaluated Brazilian data from Plano Real (July ... -
Do liberal policy regimes condemn Latin America to quasi-stagnation?
2021-02Police regimes are incompatible with economic growth because liberal economists don’t see industrialization as a condition for economic development; because they pressed for trade liberalization, ignoring that the import ... -
The Dutch disease and its neutralization: a Ricardian approach
2008-03-01The Dutch disease is a major market failure originated in the existence of cheap and abundant natural or human resources that keep overvalued the currency of a country for an undetermined period of time, thus turning non ... -
Economia política da desgovernança global
2007-09-01Global economic disgovernance rather than governance characterizes today the world economy. Two facts substantiate this assessment: the recurring balance of payment crises in developing countries, and the present enormous ... -
The economics and the political economy of new-developmentalism
2017-10This paper resumes new developmentalism – a theoretical framework being defined since the early 2000s to understand middle-income countries. It contains a political economy, the beginning of a microeconomics and a ... -
An empirical model of the Brazilian country risk - An extension of the beta country risk model
2006This paper develops a statistical model to study the Brazilian country risk using a country beta model in the spirit of Harvey and Zhou (1993), Erb et al. (1996a, b) and Gangemi et al . (2000). Specifically, the impact of ... -
Estimação do impacto da variação cambial para a inflação no Brasil: de 1999 a 2021
2022-03-30A evolução do câmbio e de seus impactos na variação de preços é de significativa importância para os agentes de uma economia, levando-se em consideração suas implicações sobre política monetária e os consequentes efeitos ...
