Do political commentaries command? The case of the Central Bank of Brazil
ABSTRACT This paper investigates whether political pressure affects the conduct of monetary policy in Brazil. For the period between January 2010 and August 2020, we estimate a modified Taylor rule to empirically test whether the calls for lower interest rates by presidents induce Central Bank of Br...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Editora 34
2023-08-01
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| Series: | Brazilian Journal of Political Economy |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572023000300686&lng=en&tlng=en |