Browsing FGV EPGE - Seminários de Pesquisa Econômica by Title "What happens after the Central Bank of Brazil increases the target interbank rate by 1%?"

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What happens after the Central Bank of Brazil increases the target interbank rate by 1%?

Cysne, Rubens Penha
2005-03-10

In this paper I use Taylor's (2001) model and Vector Auto Regressions to shed some light on the evolution of some key macroeconomic variables after the Central Bank of Brazil, through the COPOM, increases the target interest ...