Výsledky vyhledávání - "Fabia A. de Carvalho"

Elections, heterogeneity of central bankers and inflationary pressure: The case for staggered terms for the president and the central banker

Autor: Fabia A. de Carvalho, Maurício Soares Bugarin

Publikováno v: Revista Brasileira de Economia v.74 n.4 2020
Revista Brasileira de Economia
Fundação Getulio Vargas (FGV)
instacron:FGV
Revista Brasileira de Economia, Vol 74, Iss 4, Pp 418-440 (2021)
Revista Brasileira de Economia, Volume: 74, Issue: 4, Pages: 418-440, Published: 17 MAY 2021

This paper analyzes a signaling model of monetary policy when inflation targets are not set by the monetary authority. The most important implication of the model’s solution is that a higher ex-ante dispersion in central bankers’ preferences, ref

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::13760948cb0327356a86b5247f2aadd3
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402020000400418

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Macroprudential policy transmission and interaction with fiscal and monetary policy in an emerging economy: a DSGE model for Brazil

Autor: Marcos R. Castro, Fabia A. de Carvalho

Publikováno v: Macroeconomics and Finance in Emerging Market Economies. 10:215-259

We investigate the transmission of macroprudential (MaP) instruments in a dynamic stochastic general equilibrium model where foreign capital flows interact with financial frictions and banks are exposed to different sources of credit default risk. Th

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::c90524f0a421364c964633dca4684027
https://doi.org/10.1080/17520843.2016.1270982

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Survey forecasts in Brazil: A prismatic assessment of epidemiology, performance, and determinants

Autor: Fabia A. de Carvalho, André Minella

Publikováno v: Journal of International Money and Finance. 31:1371-1391

This paper assesses the behavior of survey forecasts in Brazil during the inflation targeting regime, when managing expectations is one of the cornerstones of the conduct of monetary policy. The distinctive database of the survey conducted by the Cen

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::067ad3f4551dd6adc3f79b04edb7d3bb
https://doi.org/10.1016/j.jimonfin.2012.02.006

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The Incidence of Reserve Requirements in Brazil: Do Bank Stockholders Share the Burden?

Autor: Fabia A. de Carvalho, Cyntia Freitas Azevedo

Publikováno v: Journal of Applied Economics. 11:61-90

There is consensus in the economic literature that reserve requirements are a tax levied upon financial intermediation, yet the incidence of the tax remains controversial. In this paper, we test whether changes in reserve requirements in Brazil impac

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8d0fc46a0042b7edf56b7575d348bbb6
https://doi.org/10.1080/15140326.2008.12040499

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Foreign Capital Flows, Credit Growth and Macroprudential Policy in a DSGE Model with Traditional and Matter-of-Fact Financial Frictions

Autor: Fabia A. de Carvalho, Marcos R. Castro

We investigate the transmission channel of reserve requirements, capital requirements, and risk weights of different types of credit in the computation of capital adequacy ratios and compare the power of each macroprudential instrument to counteract

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=od_______645::5b1bb75522e8048db49c8e77157484d5
http://www.bcb.gov.br/pec/wps/ingl/wps387.pdf

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Inflation Expectations in Latin America

Autor: Maurício Soares Bugarin, Fabia A. de Carvalho

Publikováno v: Economía. 6:101-145

This paper tests the rationality of inflation forecasts surveyed in Mexico, Brazil, and Chile and identifies their recent formation rule. There is strong evidence that forecasts are unbiased, but forecasters have not been fully efficient in the use o

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::099b44e36c7274b1c4fe5a4ee73e996d
https://doi.org/10.1353/eco.2006.0014

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Traditional and Matter-of-fact Financial Frictions in a DSGE Model for Brazil: the role of macroprudential instruments and monetary policy

Autor: Fabia A. de Carvalho, Marcos R. Castro, Silvio M. A. Costa

This paper investigates the transmission channel of macroprudential instruments in a closed-economy DSGE model with a rich set of financial frictions. Banks' decisions on risky retail loan concessions are based on borrowers' capacity to settle their

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::8c267e7f67ff44f30cc0da45686bc916
http://www.bcb.gov.br/pec/wps/ingl/wps336.pdf

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Fiscal Policy in Brazil through the Lens of an Estimated DSGE Model

Autor: Fabia A. de Carvalho, Marcos Valli

This paper takes Brazilian data to an open economy DSGE model that features realistic aspects of fiscal policy in Brazil. The model incorporates primary surplus targets, cyclical expenditures and social programs in the form of public transfers, publi

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=od_______645::7d7baf0b66a75734aff812988132ab46
http://www.bcb.gov.br/pec/wps/ingl/wps240.pdf

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Fiscal and Monetary Policy Interaction: a simulation based analysis of a two-country New Keynesian DSGE model with heterogeneous households

Autor: Marcos Valli, Fabia A. de Carvalho

This paper models a fiscal policy that pursues primary balance targets to stabilize the debt-to-GDP ratio in an open and heterogeneous economy where firms combine public and private capital to produce their goods. The model extends the European NAWM

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=od_______645::692f1f576ea6f6c6524b1ff2c46c7931
http://www.bcb.gov.br/pec/wps/ingl/wps204.pdf

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Fiscal and Monetary Policy Interaction: A Simulation-Based Analysis of a Two-Country New Keynesian DSGE Model with Heterogeneous Households

Autor: Fabia A. de Carvalho, Marcos Valli

Publikováno v: SSRN Electronic Journal.

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::d61dc04ca4092133eee19e30220bc299
https://doi.org/10.2139/ssrn.1985200

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