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Private sector credit and inflation during Brazilian stabilization plans: Models with endogenously determined structural breaks

Brazilian Review of Econometrics

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Title Private sector credit and inflation during Brazilian stabilization plans: Models with endogenously determined structural breaks
Private sector credit and inflation during Brazilian stabilization plans: Models with endogenously determined structural breaks
 
Creator Zerbini, Maria Beatriz
Rocha, Fabiana; Universidade de São Paulo
 
Subject Credit; inflation; stabilization plans; structural breaks.
E5; C22
Credit; inflation; stabilization plans; structural breaks.
E5; C22
 
Description The purpose of this paper is to investigate the relationship between credit, inflation, and stabilization plans in Brazil during 1970-1998. The structural changes suffered by credit are endogenously determined using Bai and Perron's methodology (1998). The breaks correspond to the major stabilization plans adopted by the country. A negative relationship between credit and inflation is found. Stability contributes to credit expansion without, however, guaranteeing its quality.
O objetivo deste artigo é investigar a relação entre crédito, inflação e pIanos de estabilização no Brasil durante o período 1970-1998. Determina-se endogenamente as mudanças estruturais sofridas pelo crédito, usando-se a metodologia de Bai e Perron (1998). As quebras coincidem com os principais pIanos de estabilização adotados pelo país. Acha-se uma relação negativa entre crédito e inflação, indicando que a estabilidade contribui para a expansão do crédito embora não garanta a sua qualidade.
 
Publisher Sociedade Brasileira de Econometria
 
Date 2002-11-02
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/2735
10.12660/bre.v22n22002.2735
 
Source Brazilian Review of Econometrics; Vol 22, No 2 (2002); 183-214
Brazilian Review of Econometrics; Vol 22, No 2 (2002); 183-214
1980-2447
 
Language eng
 
Relation http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/2735/1675