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Política monetária em tempos de crise

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  • Teles, Vladimir Kuhl
  • Mendonça, Diogo de Price

Abstract

O presente artigo busca investigar como choques externos, como sudden stops e choques nos termos de troca, afetaram a economia brasileira. Para tanto propomos um modelo teórico simples de cash-in-advance com fricções financeiras de forma que choques de liquidez causam mudaças na alocação dos fatores de produção e na produtividade da economia. Em seguida o modelo é estimado para a economia brasileira e as implicações para política monetária sãoo analisadas.

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Bibliographic Info

Paper provided by Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil) in its series Textos para discussão with number 329.

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Date of creation: 10 Oct 2013
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Handle: RePEc:fgv:eesptd:329

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