Analysing monetary policy's transmission mechanisms through effective and expected interest rates: An application of MS-models, Bayesian VAR and cointegration approaches for Brazil
This work applies Markov-switching models, a Bayesian vector autoregressive (BVAR) and Cointegration approach to verify the empirical relationships between expected and effective short-term interest rates in Brazil. The main results corroborate the theoretical notion that the Central Bank can smooth...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Inderscience Publishers
2014
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| Online Access: | http://www.scopus.com/inward/record.url?eid=2-s2.0-84905221862&partnerID=40&md5=b4c7ee21b33651894036077dd23aec2c http://cmuir.cmu.ac.th/handle/6653943832/37577 |
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| Institution: | Chiang Mai University |
| Language: | English |