Why are policy real interest rates so high in Brazil? An analysis of the determinants of the Central Bank of Brazil's real interest rate
Download full text from publisher
References listed on IDEAS
- Fernando M. Gonçalves & Márcio Holland & Andrei D. Spacov, 2005. "Can Jurisdictional Uncertainty And Capital Controls Explain The High Level Of Real Interest Rates In Brazil? Evidence From Panel Data," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] 028, ANPEC - AssociaÃ§Ã£o Nacional dos Centros de PÃ³s-GraduaÃ§Ã£o em Economia [Brazilian Association of Graduate Programs in Economics].
- Hélène Rey, 2016.
"International Channels of Transmission of Monetary Policy and the Mundellian Trilemma,"
IMF Economic Review,
Palgrave Macmillan;International Monetary Fund, vol. 64(1), pages 6-35, May.
- Rey, Hélène, 2015. "International Channels of Transmission of Monetary Policy and the Mundellian Trilemma," CEPR Discussion Papers 11027, C.E.P.R. Discussion Papers.
- Hélène Rey, 2016. "International Channels of Transmission of Monetary Policy and the Mundellian Trilemma," NBER Working Papers 21852, National Bureau of Economic Research, Inc.
- Matias Vernengo, 2008.
"The Political Economy of Monetary Institutions in Brazil: The Limits of the Inflation-targeting Strategy, 1999-2005,"
Review of Political Economy,
Taylor & Francis Journals, vol. 20(1), pages 95-110.
- Matias Vernengo, 2006. "The Political Economy of Monetary Institutions in Brazil: The Limits of the Inflation Targeting Strategy, 1999-2005," Working Paper Series, Department of Economics, University of Utah 2006_05, University of Utah, Department of Economics.
- Alex Segura-Ubiergo, 2012. "The Puzzle of Brazil's High Interest Rates," IMF Working Papers 12/62, International Monetary Fund.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2004.
"Serial Default and the "Paradox" of Rich-to-Poor Capital Flows,"
American Economic Review,
American Economic Association, vol. 94(2), pages 53-58, May.
- Reinhart, Carmen & Rogoff, Kenneth, 2004. "Serial default and the “paradox” of rich to poor capital flows," MPRA Paper 13997, University Library of Munich, Germany.
- Reinhart, Carmen & Rogoff, Kenneth, 2005. "Serial Default and Its Remedies," MPRA Paper 7423, University Library of Munich, Germany.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2004. "Serial Default and the "Paradox" of Rich to Poor Capital Flows," NBER Working Papers 10296, National Bureau of Economic Research, Inc.
- Reinhart, Carmen M. & Rogoff, Kenneth S., 2004. "Serial Default and the â€œParadoxâ€ of Rich-to-Poor Capital Flows," Scholarly Articles 11129182, Harvard University Department of Economics.
- Philip Arestis & Fernando Ferrari-Filho & Luiz Fernando de Paula, 2011. "Inflation targeting in Brazil," International Review of Applied Economics, Taylor & Francis Journals, vol. 25(2), pages 127-148.
- Carlos da Silva & Matías Vernengo, 2008.
"The Decline of the Exchange Rate Pass-Through in Brazil: Explaining the "Fear of Floating","
International Journal of Political Economy,
Taylor & Francis Journals, vol. 37(4), pages 64-79.
- Carlos Eduardo Schönerward da Silva & Matías Vernengo, 2008. "The Decline of the Exchange Rate Pass-Through in Brazil: Explaining the ‘Fear of Floating’," Working Paper Series, Department of Economics, University of Utah 2008_11, University of Utah, Department of Economics.
- Hernando Vargas & Andrés González & Eliana González & José Vicente Romero & José Luis Eduardo Rojas, 2010.
"Assessing inflationary pressures in Colombia,"
BIS Papers chapters,in: Bank for International Settlements (ed.), Monetary policy and the measurement of inflation: prices, wages and expectations, volume 49, pages 129-171
Bank for International Settlements.
- Hernando Vargas & Andrés González & Eliana González & Jose Vicente Romero, 2009. "Assessing Inflationary Pressures in Colombia," BORRADORES DE ECONOMIA 005473, BANCO DE LA REPÚBLICA.
- Hernando Vargas & Andrés González & Eliana González & Jose Vicente Romero & Luis Eduardo Rojas, 2009. "Assessing Inflationary Pressures in Colombia," Borradores de Economia 558, Banco de la Republica de Colombia.
- Daniel Hoechle, 2007. "Robust standard errors for panel regressions with cross-sectional dependence," Stata Journal, StataCorp LP, vol. 7(3), pages 281-312, September.
- Nelson H Barbosa-Filho, 2015. "Monetary Policy with a Volatile Exchange Rate: The Case of Brazil since 1999," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 57(3), pages 401-425, September.
- Paulo Baltar, 2015. "Crescimento da Economia e Mercado de Trabalho no Brasil," Discussion Papers 2036, Instituto de Pesquisa Econômica Aplicada - IPEA.
- Gill Hammond, 2012. "State of the art of inflation targeting," Handbooks, Centre for Central Banking Studies, Bank of England, edition 4, number 29, March.
- repec:ekm:wpaper:v:34:y:2014:i:1:a:134 is not listed on IDEAS
- World Bank, 2006. "Brazil : Interest Rates and Intermediation Spreads," World Bank Other Operational Studies 21461, The World Bank.
- Louis-Philippe Rochon & Sergio Rossi, 2006. "Inflation targeting, economic performance, and income distribution: a monetary macroeconomics analysis," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 28(4), pages 615-638.
- Gerald Epstein, 1992. "Political Economy and Comparative Central Banking," Review of Radical Political Economics, Union for Radical Political Economics, vol. 24(1), pages 1-30, March.
- Marcelo Kfoury Muinhos & Márcio I. Nakane, 2006. "Comparing equilibrium real interest rates: different approaches to measure Brazilian rates," Working Papers Series 101, Central Bank of Brazil, Research Department.
More about this item
KeywordsBrazil; Central Bank; interest rate; monetary policy; developing countries;
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2017-01-15 (All new papers)
- NEP-CBA-2017-01-15 (Central Banking)
- NEP-HME-2017-01-15 (Heterodox Microeconomics)
- NEP-MAC-2017-01-15 (Macroeconomics)
- NEP-MON-2017-01-15 (Monetary Economics)
StatisticsAccess and download statistics
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:ipewps:802016. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics). General contact details of provider: http://edirc.repec.org/data/iphwrde.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.