Browsing FGV EPGE - Seminários de Pesquisa Econômica by Subject "Câmbio"
Now showing items 1-4 of 4
-
Ajustamento de uma economia após uma elevação da produtividade
1998-06-18Employing the two sector model of capital accumulation in an open economy, the impact on the path of the following variables: exchange rate, wages, investment, saving, and consequently externaI debt and capital stock afier ... -
The effects of government deficit on equilibrium real exchange rates and stock prices
2003-05-15This paper studies the effect of government deficits on equilibrium real exchange rates and stock prices. The theoretical part modifies a two-country cash-in-advance model like used in Lucas(1982) and Sargent(1987) in order ... -
Especulative (sic) attack on exchange rate target zone regime : the uncertainty case
1995-05-25We present a continuous time target zone model of speculative attacks. Contrary to most of the literature that considers the certainty case, i.e., agents know for sure the Central Bank behavior in the future, we build ... -
Optimal exchange rate policy, optimal incomplete taxation and business cycles
2002-01-24Implementation and collapse of exchange rate pegging schemes are recur- rent events. A currency crisis (pegging) is usually followed by an economic downturn (boom). This essay explains why a benevolent government should ...
