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The competitive real exchange-rate regime, inflation and monetary policy
(2008-12)
This article argues that in a stable and competitive real exchangerate(SCRER); macroeconomic regime, the exchange-rate component candrive up inflation through the very mechanisms that stimulate high rates ofgross domestic ...
Nonconventional monetary policy in a regime-switching model with endogenous financial crises
(Universidad de los Andes, Facultad de Economía, CEDE, 2018)
This paper develops a regime-switching newkeynesian model for a small open economy, with an occasionally binding financial friction that allows for endogenous financial crises. The model has two regimes: a regime for normal ...
Macroeconomic constraints to growth of Brazilian economy diagnosis and some policy proposals
(2011-03)
The recent process of accelerated expansion of the Brazilian economy was driven by exports and fixed capital formation. Although the pace of growth was more robust than in the 1990´s, we can still witness the existence of ...
Choques externos y política monetaria
(Pontificia Universidad Católica del Perú. Fondo EditorialPE, 2018)
Avaliação de regras de política monetária no Brasil: uma abordagem por modelo DSGE
(2021)
Este trabalho pretende avaliar alguns pontos relacionados à política monetária brasileira em um período após a implantação do regime de metas de inflação. De forma mais detalhada, a proposta é responder basicamente a 3 ...
Growth, instability and the convertibility crisis in Argentina
(2002-08)
The Argentine economy is currently going through the deepest and most prolonged recession of the postwar period: a devastating panorama that contrasts vividly with its significant growth in 1991-1998.In this article we ...
A summary of the ECLAC proposals
(1995-04)
There is growing consensus that although a solid, balanced macroeconomic base is a necessary condition for development, it is not of itself enough to ensure that development is actually achieved or that its fruits will be ...
A economia brasileira no regime militar
(1993)
This paper analyzes the macroeconomic evolution of the Brazilian economy during the 1964 -1985 period which was characterized by military governments. The usual criticisms related to the deterioration of income distribution, ...