Using a dataset of 103 countries over the 1960-2011 period, we examine the relationship between the real effective exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, and factor ...

The analysis of macro-economic variables through time-series models is widely used in the literature supporting economic theory, showing the actual behaviour of these variables. One of these macroeconomic variables have ...

This work assesses the validity of applying the Taylor Rule to the Brazilian market. Several variables, tools and features were analyzed. Among its variables, inflation, inflation target and output gap were included to ...

The term structure of interest rates is an extremely important subject in Finance. The rates’ value influences the pricing of practically any asset, and it is also important to determine the value of several liabilities. ...

Using a unique dataset on Brazilian nominal and real yield curves combined with daily survey forecasts of macroeconomic variables such as GDP growth, inflation, and exchange rate movements, we identify the effect of surprises ...

This paper tests the Purchasing Power Parity Theory of Exchange Rates dealing with Argentinean data for the period 1900-2006. This is equivalent to testing if the Real Exchange Rate is a stationary variable or if its ...