Now showing items 1-4 of 4

    • The macroeconomic determinants of the term structure of inflation expectations in Brazil 

      Fernandes, Marcelo; Thiele, Eduardo
      2015-10-05
      This paper aims to analyze the dynamics of inflation expectations according to macroeconomics conditions. To this end, we extract the expected inflation curve implied by indexed bonds and then estimate a dynamic factor ...
    • Política monetária ótima no combate à inflação 

      Barbosa, Fernando de Holanda
      1992-04-01
      This paper establishes an optimal monetary policy to combat inflation in an economy wherein the inflationary phenomenon contains an inertial component. The formulation of the problem leads to an application of the optimal ...
    • As reservas e o caso de bandas múltiplas 

      Araújo, Aloísio Pessoa de; Feijó Filho, Cypriano Lopes
      1995-04-01
      The paper addresses the issue of frequent government interventions in the exchange rate market in the attempt to stabilize the exchange rate. The problem is reduced to a simple comparison between two regimes. In the first ...
    • Time-dependent or state-dependent pricing?: evidence from a large devaluation 

      Guimarães, Bernardo de Vasconcellos; Feltrin Junior, Celio
      2016-11-01
      State-dependent and time-dependent price setting models yield distinct implications for how frequency and magnitude of price changes react to shocks. This note studies pricing behavior in Brazil following the large devaluation ...