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Política Monetária E Ciclos Regionais No Brasil: Uma Investigação Das Condicões Para Uma Área Monetária Ótima

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  • Vladimir Kühl Teles
  • Mauro Miranda

Abstract

The main purpose of this paper is the empirical investigation of the business cycles responses of each of the five Brazilian regions to monetary policy innovations and other shocks. We applied a methodology integrating unobserved components and vector auto-regressions (VAR). We identified not only common and idiosyncratic sources of innovation, but also common and idiosyncratic responses to common shocks. We concluded that the Brazilian regions present asymmetric effects to common monetary shocks.

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Bibliographic Info

Paper provided by ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics] in its series Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] with number 120.

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Date of creation: 2005
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Handle: RePEc:anp:en2005:120

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