Listagem FGV EPGE - Ensaios Econômicos por Assunto "Política monetária"
Itens para a visualização no momento 1-14 of 14
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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 ... -
Depósitos do Tesouro: no Banco Central ou nos bancos comerciais?
1990Este trabalho inicia-se explicitando o canal pelo qual a elevada liquidez e movimentação dos Depósitos do Tesouro no Banco Central implica num aumento das dificuldades operacionais do Banco Central no balizamento das ... -
Endogenous time-dependent rules and the costs of disinflation with imperfect credibility
2003-10-09This paper examines the output effects of monetary disinflation in a model with endogenous time-dependent pricing rules and imperfect credibility of the disinflation policy. We find that these features interact to generate ... -
A inércia da taxa de juros na política monetária
2004-03-01 -
Inflation, welfare and public expenditures
2001-08-01This paper studies welfare effects of monetary policy in an overlapping generations model with capital and no form of taxation other than inflation. Public expenditures have a positive effect on labor productivity. The ... -
Is the new keynesian is curve forward looking?
2018-04This paper analyzes the solutions of the canonical and hybrid New Keynesian IS curve difference equation. It shows that the usual forward solution is ruled out because it is at odds with the underlying economic theory. ... -
Money supply and capital accumulation on the transition path revisited
2010-02-22Fischer (1979) and Asako (1983) analyze the sign of the correlation between the growth rate of money and the rate of capital accumulation on the transition path. Both plug a CRRA utility (based on a Cobb-Douglas and a ... -
New models of old(?) payment questions
2006-09-01Is private money feasible and desirable? In its absence, is there a central bank policy that partially or fully substitutes for private money? In this paper, some recent modeling ideas about how to address these questioned ... -
A note on policy, the composition of public expenditures and economic growth
1994-05In this article we study the growth and welfare effects of fiscal and monetary policies in economies where public investment is part of the productive process we present four different models that share the same technology ... -
Stochastic growth and monetary policy: the impacts on the term structure of interest rates
2001-04-01This paper builds a simple, empirically-verifiable rational expectations model for term structure of nominal interest rates analysis. It solves an stochastic growth model with investment costs and sticky inflation, susceptible ... -
What happens after the central bank of Brazil increases the target interbank rate by 1%?
2005-03-15I start presenting an explicit solution to Taylorís (2001) model, in order to illustrate the link between the target interest rate and the overnight interest rate prevailing in the economy. Next, I use Vector Auto Regressions ...
