Since 2014
Brazil Through the Eyes of CHORINHO
Brazilian Review of Econometrics
View Archive Info| Field | Value | |
| Title |
Brazil Through the Eyes of CHORINHO
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| Creator |
Kanczuk, Fabio; FEA/USP Dept of Economics, University of São Paulo
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| Subject |
—
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| Description |
CHORINHO, a medium scale DSGE model used in the financial sector to inform investment decisions, consists of a small open economy version of Smets and Wouters (2007) with a financial accelerator mechanism, adapted for estimation with Brazilian data. Marginal likelihood comparisons indicate that the model compares favorably to Bayesian Vector Autoregressions that use Sims and Zha (1998) priors. The model is used to (i) identify the reasons behind recent deceleration episodes, (ii) study the effects of currency depreciation, and (iii) investigate whether monetary policy has recently become more powerful.
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| Publisher |
Sociedade Brasileira de Econometria
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| Contributor |
—
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| Date |
2015-03-03
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/57574
10.12660/bre.v35n22015.57574 |
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| Source |
Brazilian Review of Econometrics; Vol 35, No 2 (2015): Special Volume SAMBA; 171-195
Brazilian Review of Econometrics; Vol 35, No 2 (2015): Special Volume SAMBA; 171-195 1980-2447 |
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| Language |
eng
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| Relation |
http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/57574/56085
http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/downloadSuppFile/57574/1997 |
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| Rights |
Copyright (c) 2015 Brazilian Review of Econometrics
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