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An Analysis of the Interaction Between Monetary and Fiscal Policies in Brazil

This paper examines monetary and fiscal policy rules in Brazil for the period 2003-2014, based on a New Keynesian Macro Model estimated via GMM System. The main results show an aggregate demand focused on the lagged GDP output and on GDP growth expectations. As for inflation, the use of hybrid Phill...

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Detalles Bibliográficos
Principais autores: Lívia Carolina Machado Melo, Cleomar Gomes da Silva
Formato: Artigo
Idioma:Inglês
Publicado: Associazione Economia civile 2019-03-01
Series:PSL Quarterly Review
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Acceso en liña:https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/13971/pdf
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