Record Details

Monetary Policy and Regional Output in Brazil

Revista Brasileira de Economia

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Field Value
 
Title Monetary Policy and Regional Output in Brazil
 
Creator Guimaraes, Rafael Rockenbach da Silva; BCB
Monteiro, Sérgio Marley Modesto; UFRGS
 
Subject Monetary policy; Economic development; Regional economy
 
Description This work presents an analysis of whether the effects of the Brazilian monetary policy on regional outputs are symmetric. The strategy developed combines the techniques of principal component analysis (PCA) to decompose the variables that measure regional economic activity into common and region-specific components and vector autoregressions (VAR) to observe the behavior of these variables in response to monetary policy shocks. The common component responds to monetary policy as expected. Additionally, the idiosyncratic components of the regions showed no impact of monetary policy. Once monetary policy affects the common component of the regional economic activity and does not impact its idiosyncratic components, it can be considered symmetrical.
 
Publisher Escola de Pós-Graduação em Economia da FGV
 
Contributor —
 
Date 2014-03-11
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articles
Artigos
 
Format application/pdf
 
Identifier http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/7164
 
Source Revista Brasileira de Economia; v. 68, n. 1 (2014): Jan-Mar; 73-101
Revista Brasileira de Economia; v. 68, n. 1 (2014): Jan-Mar; 73-101
0034-7140
0034-7140
 
Language por
 
Relation http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/7164/16651