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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Detalhes bibliográficos
Autor principal: Perrelli, Roberto
Outros Autores: Roache, Shaun
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2014.
Colecção:IMF Working Papers; Working Paper ; No. 2014/084
Acesso em linha:Full text available on IMF