Fiscal and monetary policy rules in Brazil: empirical evidence of monetary and fiscal dominance

Based on the hypothesis that the rules of monetary and fiscal policy in Brazil may have been subject to different regimes, the present study applies the Leeper model (1991 and 2005) to identify the chronology of policy regimes in terms of their active and passive character. The policy rules are esti...

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Detalles Bibliográficos
Autores Principales: Moreira, Tito Belchior S., Mendonça, Mario Jorge, Sachsida, Adolfo
Formato: Otro (Other)
Lenguaje:Inglés (English)
Publicado: 2022