A taxa de juros de equilíbrio: uma abordagem múltipla
The purpose of this paper is to estimate the equilibrium real interest rate for Brazil using different approaches, in order to incorporate all the available information on the topic. The methods used are: historical interest rates, structural models, a long-run growth model, and through the exchang...
| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
| Published: |
Universidade de São Paulo
2005-04-01
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| Series: | Economia Aplicada |
| Subjects: | |
| Online Access: | https://www.revistas.usp.br/ecoa/article/view/221399 |
| _version_ | 1797352719723266048 |
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| author | Pedro Calhman de Miranda Marcelo Kfoury Muinhos |
| author_facet | Pedro Calhman de Miranda Marcelo Kfoury Muinhos |
| author_sort | Pedro Calhman de Miranda |
| collection | DOAJ |
| description |
The purpose of this paper is to estimate the equilibrium real interest rate for Brazil using different approaches, in order to incorporate all the available information on the topic. The methods used are: historical interest rates, structural models, a long-run growth model, and through the exchange rate. For all these methods, the estimated equilibrium rates for Brazil were high relative to those found for the rest of the world. Also, a panel with 13 countries was estimated to examine the relationship between interest rates and the sovereign risk premium. A sub-panel of Latin-American countries was also examined.
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| first_indexed | 2024-03-08T13:21:03Z |
| format | Article |
| id | doaj.art-cf881a899a50410d9ea3592e957a62d0 |
| institution | Directory Open Access Journal |
| issn | 1413-8050 1980-5330 |
| language | Portuguese |
| last_indexed | 2024-03-08T13:21:03Z |
| publishDate | 2005-04-01 |
| publisher | Universidade de São Paulo |
| record_format | Article |
| series | Economia Aplicada |
| spelling | doaj.art-cf881a899a50410d9ea3592e957a62d02024-01-18T04:10:13ZporUniversidade de São PauloEconomia Aplicada1413-80501980-53302005-04-0192A taxa de juros de equilíbrio: uma abordagem múltiplaPedro Calhman de Miranda0Marcelo Kfoury Muinhos1Banco Central do BrasilBanco Central do Brasil The purpose of this paper is to estimate the equilibrium real interest rate for Brazil using different approaches, in order to incorporate all the available information on the topic. The methods used are: historical interest rates, structural models, a long-run growth model, and through the exchange rate. For all these methods, the estimated equilibrium rates for Brazil were high relative to those found for the rest of the world. Also, a panel with 13 countries was estimated to examine the relationship between interest rates and the sovereign risk premium. A sub-panel of Latin-American countries was also examined. https://www.revistas.usp.br/ecoa/article/view/221399taxa de juros real de equilibrioprêmio de riscohiato do produto |
| spellingShingle | Pedro Calhman de Miranda Marcelo Kfoury Muinhos A taxa de juros de equilíbrio: uma abordagem múltipla Economia Aplicada taxa de juros real de equilibrio prêmio de risco hiato do produto |
| title | A taxa de juros de equilíbrio: uma abordagem múltipla |
| title_full | A taxa de juros de equilíbrio: uma abordagem múltipla |
| title_fullStr | A taxa de juros de equilíbrio: uma abordagem múltipla |
| title_full_unstemmed | A taxa de juros de equilíbrio: uma abordagem múltipla |
| title_short | A taxa de juros de equilíbrio: uma abordagem múltipla |
| title_sort | taxa de juros de equilibrio uma abordagem multipla |
| topic | taxa de juros real de equilibrio prêmio de risco hiato do produto |
| url | https://www.revistas.usp.br/ecoa/article/view/221399 |
| work_keys_str_mv | AT pedrocalhmandemiranda ataxadejurosdeequilibrioumaabordagemmultipla AT marcelokfourymuinhos ataxadejurosdeequilibrioumaabordagemmultipla AT pedrocalhmandemiranda taxadejurosdeequilibrioumaabordagemmultipla AT marcelokfourymuinhos taxadejurosdeequilibrioumaabordagemmultipla |