Now showing items 11-20 of 1595
Monetary policy and the cross-section of stock returns: a FAVAR approach
We use a factor-augmented vector autoregression (FAVAR) to estimate the impact of monetary policy shocks on the cross-section of stock returns. Our FAVAR combines unobserved factors extracted from a large set of nancial ...
Monetary policy with a volatile exchange rate: The case of Brazil since 1999
(Palgrave Macmillan Ltd., 2015)
This paper describes and analyzes Brazilian monetary policy since the beginning of inflation targeting, in 1999. The main hypothesis of the paper is that inflation targeting emerged as the best macroeconomic policy in ...
Agregados monetários ponderados: impactos sobre a inflação e o produtos da economia brasileira
(Universidade Federal de São CarlosUFSCarPrograma de Pós-graduação em Economia (Campus SOROCABA)Câmpus Sorocaba, 2015-03-20)
The benefits and the costs of the monetary policy alternatives have been debated trough decades, without a consensus of how it should be conducted. The most common instruments are, between other, the interest rate, the ...