Time-Varying Neutral Interest Rate-The Case of Brazil /

Emerging markets have experienced a sizeable decline in their neutral real interest rates until recently. In this paper we try to identify the main factors that contributed to it, with a focus on Brazil. We estimate an interval for Brazil's time-varying neutral rate based on a range of structur...

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Hlavní autor: Perrelli, Roberto
Další autoři: Roache, Shaun
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2014.
Edice:IMF Working Papers; Working Paper ; No. 2014/084
On-line přístup:Full text available on IMF