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Do political commentaries command? The case of the Central Bank of Brazil
Published 2023-08-01“…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 Brazil (BCB) to lower the policy rate. We document that BCB is more likely to set the policy rate in line with the preferences of political leaders. …”
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Nonlinearities in Central Bank of Brazil's reaction function: the case of asymmetric preferences
Published 2010-06-01“…For years 2000 to 2007, results indicate that the Central Bank of Brazil showed asymmetric preference over an above-target inflation rate. …”
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Robust monetary policy, structural breaks, and nonlinearities in the reaction function of the Central Bank of Brazil
Published 2016-01-01“…In this work, we seek to investigate the existence of nonlinearities in the reaction function of the Central Bank of Brazil arising from this policymaker's uncertainties about the effects of the output gap on inflation. …”
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Previsão de Informações para Avaliar Políticas Públicas: O Caso da Inclusão Financeira
Published 2015-07-01Subjects: “…information provisioning; public policy evaluation; financial inclusion; Central Bank of Brazil…”
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Central Bank Transparency and Financial Market: Evidence for the Brazilian Case
Published 2011-03-01“…The main objective of this paper is an empirical analysis concerning the effects caused by Central Bank of Brazil transparency on the Brazilian financial market. …”
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An empirical analysis of debit card interchange fee regulation: Evidence from Brazil
Published 2023-03-01Get full text
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To supervise or to self-supervise: a machine learning based comparison on credit supervision
Published 2021-04-01“…It builds on a real bank on-site credit examination to compare the performance of a hypothetical self-supervision approach, in which banks themselves assess their loan portfolios without external intervention, with the on-site banking supervision approach of the Central Bank of Brazil. The experiment develops two machine learning classification models: the first model is based on good and bad ratings informed by banks, and the second model is based on past on-site credit portfolio examinations conducted by banking supervision. …”
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The Effect of Central Bank Communication on the Capital Buffer of Banks: Evidence from an Emerging Economy
Published 2018-09-01Get full text
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Transparência do banco central: uma análise para o caso brasileiro
Published 2010-03-01“…After the adoption of inflation targeting in Brazil there was an increase in the communication of the Central Bank of Brazil with the public. This paper makes a brief review of the recent theoretical and empirical literature concerning this subject. …”
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Expectativas inflacionárias no regime de metas de inflação: uma análise preliminar do caso brasileiro
Published 2002-08-01“…The main findings are, at first, that Central Bank of Brazil (CBB) has high capacity to influence inflationary expectations if it was successful in reaching its inflation target in recent years, secondly, inflationary expectations are heterogeneous when CBB has high reputation but its inflation targets are loosing credibility. …”
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Evaluating core inflation measures in Brazil
Published 2016-03-01“…This paper evaluates four core inflation indicators used by the Central Bank of Brazil; that is, the exclusion indicator, the exclusion ex2 indicator, the smoothed trimmed mean and the double weight indicator. …”
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COMUNICACIÓN Y EDUCACIÓN FINANCIERA: REFLEXIONES Y PRÁCTICAS ACADÉMICAS
Published 2017-04-01“…It is the description of works with the planning, budgeting, consumption, consumer desires and instructions of the National Financial Education Strategy - NFES, proposed by the Department of Financial Education of the Central Bank of Brazil, and instituted by Decree No. 7,397, of December 22, 2010. …”
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O comportamento recente do investimento direto brasileiro no exterior em perspectiva
Published 2008-06-01“…This paper analyzes the recent behavior of the Brazilian direct investment abroad, as captured by an annual census conducted by the Central Bank of Brazil since 2001, by putting it in a broader perspective that includes international official data sources and early sample studies. …”
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Bubble, weak and strong hyperinflation: Theory and empirical evidence
Published 2015-05-01Get full text
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Is money going digital? An alternative perspective on the current hype
Published 2018-07-01Get full text
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