Estimating Interest Rate Setting Behavior in Brazil: A LSTR Model Approach
Given limited research on monetary policy rules in emerging markets, this paper challenges the applicability of a nonlinear Taylor rule in characterizing the monetary policy behavior of the Brazilian Central Bank. It also investigates whether and how the process of setting interest rates has been de...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2015-04-01
|
| Series: | Economies |
| Subjects: | |
| Online Access: | http://www.mdpi.com/2227-7099/3/2/55 |