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Análise da Dinâmica do Modelo IS-MP para a Economia Brasileira Contemporânea
[Analysis of Dynamics of Model IS-MP for the Contemporary Brazilian Economy]

Author

Listed:
  • Costa Junior, Celso Jose

Abstract

This work has objetive to discuss a new approach for the model IS-LM proposal by Romer (2000), which curved LM is substituted by a curved MP (monetary policy of the Central Bank). The work was motivated by the need of a more coherent model with the current economic reality for forecast and analysiss of economic policies. It was also made a dynamic analysis of the model to know its behavior in relation to changes in equilibrium. The datas macroeconomics used in the models econometrics is of Ipeadata, it´s being quarterly data going from the first quarter of 1995 to the fourth quarter of 2007.

Suggested Citation

  • Costa Junior, Celso Jose, 2009. "Análise da Dinâmica do Modelo IS-MP para a Economia Brasileira Contemporânea [Analysis of Dynamics of Model IS-MP for the Contemporary Brazilian Economy]," MPRA Paper 45522, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:45522
    as

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    References listed on IDEAS

    as
    1. Kenneth Rogoff, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(4), pages 1169-1189.
    2. Brunner, Karl & Meltzer, Allan H., 1976. "The Phillips curve," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 1-18, January.
    3. Olivier Blanchard, 2000. "What Do We Know about Macroeconomics that Fisher and Wicksell Did Not?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(4), pages 1375-1409.
    4. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    5. David H. Romer, 2000. "Keynesian Macroeconomics without the LM Curve," Journal of Economic Perspectives, American Economic Association, vol. 14(2), pages 149-169, Spring.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Dynamic Macroeconometrics; Econometrics Models; Keynesian Macroeconomics; Monetary Policy.;
    All these keywords.

    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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