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Choques Monetários E Tecnológicos E as Flutuações Cíclicas Na Economia Brasileira
| Content Provider | Semantic Scholar |
|---|---|
| Author | Filho, Reisoli Bender Vieira, Wilson Da Cruz Divino, Jose Angelo Carvalho, Luciano Dias De |
| Copyright Year | 2012 |
| Abstract | We investigated the relative importance of technological and monetary shocks for the business cycles in the Brazilian economy between 1980 and 2009. In this investigation, we used the model money-in-the-utility function, which considers that holding money generates utility to the economic agents. Several simulations were performed to identify how the business cycles respond to shocks. The results indicate that, in addition to technological shocks, monetary shocks are important in explaining business cycles in the Brazilian economy during the analyzed period. Their effects on the volatility of real variables, however, were small. |
| Starting Page | 501 |
| Ending Page | 529 |
| Page Count | 29 |
| File Format | PDF HTM / HTML |
| DOI | 10.1590/S1413-80502012000300007 |
| Volume Number | 16 |
| Alternate Webpage(s) | http://www.scielo.br/pdf/ecoa/v16n3/07.pdf |
| Alternate Webpage(s) | https://doi.org/10.1590/S1413-80502012000300007 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
