Monetary policy in Brazil: Evidence from new measures of monetary shocks
Abstract This paper derives new measures of monetary policy shocks for Brazil. First, one set of shocks is built inspired by Romer and Romer (2004) methodology, using official and private forecasts. Central Bank staff forecasts were collected from the technical presentations of monetary policy meeti...
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| Format: | Article |
| Language: | English |
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Universidade de São Paulo
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| Series: | Estudos Econômicos |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612017000200295&lng=en&tlng=en |