Please use this identifier to cite or link to this item:
https://repositorio.ipea.gov.br/handle/11058/4833
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Fiorencio, Antonio | - |
dc.contributor.author | Moreira, Ajax Reynaldo Bello | - |
dc.coverage.spatial | Brasil | pt_BR |
dc.coverage.temporal | 1947-1995 | pt_BR |
dc.date.accessioned | 2015-10-16T19:41:07Z | - |
dc.date.available | 2015-10-16T19:41:07Z | - |
dc.date.issued | 2015-01 | - |
dc.identifier.uri | http://repositorio.ipea.gov.br/handle/11058/4833 | - |
dc.description.abstract | Apresenta um modelo dinâmico de determinantes de longo prazo da taxa de câmbio real no Brasil, período de 1947/95. O modelo considera variáveis relevantes a taxa de câmbio real, dívida externa e lucro líquido das exportações. A dinâmica do modelo é analisada através da identificação de choques. | pt_BR |
dc.language.iso | en-US | pt_BR |
dc.publisher | Instituto de Pesquisa Econômica Aplicada (Ipea) | pt_BR |
dc.title | Long-run determinants of the real exchange rate : Brazil : 1947/95 | pt_BR |
dc.title.alternative | Discussion Paper 72 : Long-run determinants of the real exchange rate : Brazil : 1947/95 | pt_BR |
dc.title.alternative | Determinantes de longo prazo da taxa de câmbio real : Brasil : 1947-1995 | pt_BR |
dc.type | Discussion Paper | pt_BR |
dc.rights.holder | Instituto de Pesquisa Econômica Aplicada (Ipea) | pt_BR |
dc.source.urlsource | http://www.ipea.gov.br | pt_BR |
dc.location.country | BR | pt_BR |
dc.description.physical | 21 p. : il. | pt_BR |
dc.subject.vcipea | IPEA::Comércio::Comércio Internacional | pt_BR |
dc.subject.vcipea | IPEA::Política Econômica. Política Social. Planejamento::Política Econômica | pt_BR |
dc.subject.vcipea | IPEA::Finanças Públicas. Bancos. Relações Monetárias Internacionais::Sistema Monetário Internacional | pt_BR |
dc.rights.license | Reproduction of this text and the data it contains is allowed as long as the source is cited. Reproductions for commercial purposes are prohibited | pt_BR |
dc.subject.keyword | Taxa de câmbio real | pt_BR |
dc.subject.keyword | Dívida externa | pt_BR |
dc.subject.keyword | Lucro líquido das exportações | pt_BR |
dc.subject.keyword | Determinantes de longo prazo | pt_BR |
dc.subject.keyword | Política cambial | pt_BR |
dc.relation.references | http://repositorio.ipea.gov.br/handle/11058/2012 | pt_BR |
ipea.description.objective | Identificar alguns dos fatores determinantes de longo prazo da taxa de câmbio brasileira para o período 1947-1995. | pt_BR |
ipea.description.additionalinformation | Série monográfica: Discussion Paper ; 72 | pt_BR |
ipea.description.additionalinformation | Possui bibliografia | pt_BR |
ipea.description.additionalinformation | Série: Originally published by Ipea in December 1997 as number 537 of the series Texto para Discussão | pt_BR |
ipea.access.type | Acesso Aberto | pt_BR |
ipea.rights.type | Licença Comum | pt_BR |
ipea.englishdescription.abstract | This paper presents a model for the long-run determinants of the Brazilian real exchange rate for the period 1947/95. This is a simple representative agent model that links the exchange rate, external debt and net exports. It is assumed that: a) the country pays an interest rate on its debt which is an increasing function of the debt/GDP ratio; b) the real exchange rate is a control variable. The transitional dynamics of the model following different shocks is analysed. The model suggests that the relevant variables are the real exchange rate, external debt and net exports. A VEC model using these variables shows that the Brazilian data support the existence of one cointegrating relation among the three variables, which we interpret as the empirical counterpart of the long-run conditions of the theoretical model. Finally, we impose restrictions to identify shocks that could be interpreted as the non-observable exogenous variables of the theoretical model. The dynamics of the empirical model is estimated. | pt_BR |
ipea.researchfields | N/A | pt_BR |
ipea.classification | Comércio Internacional | pt_BR |
ipea.classification | Economia. Desenvolvimento Econômico | pt_BR |
Appears in Collections: | Comércio Internacional: Livros |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
DiscussionPaper_72.pdf | 281.62 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.