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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Formato: | Revista |
Lenguaje: | English |
Publicado: |
Washington, D.C. :
International Monetary Fund,
2014.
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Colección: | IMF Working Papers; Working Paper ;
No. 2014/084 |
Acceso en línea: | Full text available on IMF |