Assessing Brazilian macroeconomic dynamics using a Markov-switching DSGE model

The goal of this paper is to evaluate the behavior of the main parameters of the Brazilian economy through the estimation of an open-economy dynamic stochastic general equilibrium (DSGE) model using Bayesian methods and allowing for Markov switching of certain parameters. Using the DSGE model develo...

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Bibliographic Details
Main Authors: Caio César Soares Gonçalves, Marcelo Savino Portugal, Edilean Kleber da Silva Bejarano Aragón
Format: Article
Language:English
Published: Emerald Publishing 2016-01-01
Series:EconomiA
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S1517758016300212