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Uma Nota Sobre o Papel da Credibilidade da Política Monetária e Fiscal: Evidências para o Brasil

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  • Montes, Gabriel Caldas
  • Assumpção, Antonio Carlos de Jesus

Abstract

Este estudo analisa: (i) a influência das reputações do Banco Centraldo Brasil e do governo e da credibilidade de suas políticas sobre ocomportamento da taxa básica de juros, e o impacto das medidas degerenciamento da dívida pública e do cenário macroeconômico sobre ataxa de juros; (ii) a influência da política monetária e do ambiente macroeconômicosobre o comportamento do consumo das famílias pelocanal do crédito. Os resultados sugerem que os ganhos de credibilidadee reputação monetária e fiscal foram importantes para explicar a trajetóriada taxa básica de juros e o spread de crédito, influenciando ocomportamento do consumo das famílias.

Suggested Citation

  • Montes, Gabriel Caldas & Assumpção, Antonio Carlos de Jesus, 2014. "Uma Nota Sobre o Papel da Credibilidade da Política Monetária e Fiscal: Evidências para o Brasil," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 68(4), October.
    • Handle: RePEc:fgv:epgrbe:v:68:y:2014:i:4:a:24609
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    References listed on IDEAS

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