POLÍTICA MONETÁRIA E CICLOS REGIONAIS NO BRASIL: UMA INVESTIGAÇÃO DAS CONDICÕES PARA UMA ÁREA MONETÁRIA ÓTIMA

Vladimir Teles () and Mauro Miranda ()

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

Abstract: The main purpose of this paper is the empirical investigation of the business cycles responses of each of the five Brazilian regions to monetary policy innovations and other shocks. We applied a methodology integrating unobserved components and vector auto-regressions (VAR). We identified not only common and idiosyncratic sources of innovation, but also common and idiosyncratic responses to common shocks. We concluded that the Brazilian regions present asymmetric effects to common monetary shocks.

JEL-codes: E32 R11 (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-cba, nep-geo and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:anp:en2005:120

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