This paper presents an overview of the Brazilian macroeconomy by analyzing the evolution of some specific time series. The presentation is made through a sequence of graphs. Several remarkable historical points and open ...

Although there has been substantial research on long-run co-movement (common trends) in the empirical macroeconomics literature. little or no work has been done on short run co-movement (common cycles). Investigating common ...

Reduced form estimation of multivariate data sets currently takes into account long-run co-movement restrictions by using Vector Error Correction Models (VECM' s). However, short-run co-movement restrictions are completely ...

O trabalho trata de refazer modelos macroeconômicos usuais, como por exemplo o IS-LM, com a introdução de um agregado amplo de liqüidez, o M4. Faz-se uma cuidadosa análise da identidade de Walras, estendendo-se Simonsen ...