Monetary Channels in Brazil through the Lens of a Semi-Structural Model

Preprint OPEN
André Minella ; Nelson F. Souza-Sobrinho (2009)

We develop and estimate a medium-size, semi-structural model for Brazil's economy during the inflation targeting period. The model captures key features of the economy, and allows us to investigate the transmission mechanisms of monetary policy. We decompose the monetar... View more
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