CALIBRANDO E SIMULANDO O MODELO DO ACELERADOR FINANCEIRO PARA A ECONOMIA BRASILEIRA

Bruno Silva Martins and Marco Bonomo ()

Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] from ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]

Abstract: The objective of this paper is to investigate the potential role of credit market imperfections in transmission mechanism of monetary policy in Brazil. The paper uses the.nancial accelerator model, developed by Bernanke, Gertler and Gilchrist (1999), where the credit channel arises via balance sheet effects. The simulations indicate that the financial accelerator effect. seems to exist in Brazilian economy, and that the microeconomics reforms, recently implemented in Brazil, may change the dynamics of Brazilian economy in the future.

JEL-codes: E44 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba and nep-mac
Date: Written 2005

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