Ciclos Econõmicos e Métodos de Filtragem: “Fatos Estilizados” para o Caso Brasileiro

Vladimir Teles (), Paulo Springer, Michel Gomes, Nelson Paes and André Cavalcanti
Additional contact information
Paulo Springer: Banco Central do Brasil
Michel Gomes: Banco Central do Brasil
Nelson Paes: UnB
André Cavalcanti: UnB

Economia, 2005, vol. 6, issue 2, 291-328

Abstract: The paper examines the business cycle properties of a small set of real Brazilian macroeconomic time series using a variety of detrending methods. It is shown that both quantitatively and qualitatively “stylized facts” of Brazilian business cycle vary widely across detrending methods and that alternative detrending filters extract different types of information from the data. The paper also provides simulations of the Hansen and Prescott’s (1995) and Hansen’s (1985) dynamic general equilibrium models (the standard RBC model and the Indivisible Labor Model) and tries to match the facts of the artificial economy with those of the real economy. Implications and suggestions for current macroeconomic practice are provided.

Keywords: Ciclos de Negóocios; Métodos de Filtragem; Calibração (search for similar items in EconPapers)
JEL-codes: B41 E32 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (1)

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