Selic Interest Rate
Mostrando 1-12 de 16 artigos, teses e dissertações.
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1. Risk analysis and probability of return on invested capital in an intensive beef cattle production system in Minas Gerais, Brazil
ABSTRACT The study evaluated the average return on invested capital (ROIC) in function of the variations in the historical prices of beef cattle and the odds of return on that capital gain within the system of beef cattle fattening on a farm in the state of Minas Gerais, Brazil, from 2004 to 2007. To calculate the risk of ROIC, monthly data of beef cattle pr
R. Bras. Zootec.. Publicado em: 2016-12
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2. The equity premium puzzle: analysis in Brazil after the real plan
Our paper investigates whether there is evidence of an Equity Premium Puzzle (EPP) in Brazil, applying two different methodologies. The EPP was identified by Mehra and Prescott (1985) since the Consumption Capital Asset Pricing Model (CCAPM), when calibrated with reasonable preference parameters, could not explain high historical average risk premiums in the
BAR, Braz. Adm. Rev.. Publicado em: 13/11/2012
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3. Conservadorismo e rigidez na política monetária: uma estimativa da função de reação do BCB (2000-2007)
This paper aims at evaluating the conduction of monetary policy after the adoption of inflation targeting. Formation of Selic rate is modeled by estimating a reaction function of the BCB. Results show an excessive degree of interest rate smoothing and a high level of equilibrium interest rate. This evidence supports the belief that Selic rate's formation is
Brazilian Journal of Political Economy. Publicado em: 2011-09
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4. An analysis of the degrees of persistence of inflation, inflation expectations and Real interest rate in Brazil
Este artigo analisa a questão dos graus de persistência do IPCA, da taxa real de juros e das expectativas de inflação no Brasil por intermédio dos Modelos Auto-Regressivos de Integração Fracionada e modelos de raiz unitária com quebra estrutural. O estudo compreende o período de Julho de 1999 a Dezembro de 2010 e seus resultados apontam para uma tax
Revista Brasileira de Economia. Publicado em: 2011-09
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5. MODELAGEM ESTATÃSTICA EM ALTA FREQUÃNCIA DA TAXA SELIC / STATISTICAL MODELING IN HIGH FREQUENCY RATE SELIC
At first, a brief discussion on monetary economy and the regimen of target for inflation in Brazil will be performed. This latter has been an important step towards stabilization in our country, as there was an annual average of inflation about 842% within a period immediately before the adoption of the target. Besides influencing in a positive manner the Ce
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 02/07/2009
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6. O Impacto da Política Monetária sobre os juros e crédito bancário
In the last years, credit market has shown strong growth since interest rates and bank spreads have followed a declined route. This dissertation analyzes the impact of the monetary policy on the bank margins and interest rates of some type of credit operations and tests the relation between interest rates, loans and GDP. The cointegration test results can no
Publicado em: 25/06/2009
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7. Estrutura patrimonial e padrão de rentabilidade dos bancos privados no Brsil (1979-2008) : teoria, evidencias e peculiaridades / Balance sheet structure and profitability pattern of private banks in Brazil (1970-2008) : theory, evidences and peculiarites
This thesis discusses balance sheet structure and profitability pattern of private banks in Brazil in the period 1970/2008, with emphasis in the years of low inflation (1995-2008). It was argued that monetary stability would change private banks behavior, which would so be driven by credit operations. However, the balance sheet indicators of the big private
Publicado em: 2009
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8. Análise e previsão dos recolhimentos compulsórios sobre recursos à vista / Analysis and Forecast of Reserve Requirements
This dissertation discusses the reserves requirements in Brazil. It analyses and forecasts the top five time series that form these requirements. A VARMAX model with autoregressives lags, moving averages and exogenous variables is used. The interest rate Selic, exchange rate BRL/USD, commerce sales, consumption and income are the exogenous variables. A BEKK
Publicado em: 2008
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9. SELEÇÃO ADVERSA E CONCORRÊNCIA NO MERCADO DE CRÉDITO PARA PESSOA FÍSICA NO BRASIL / ADVERSE SELECTION AND COMPETITION IN THE MARKET FOR HOUSEHOLD CREDIT IN BRAZIL
This paper tests and find evidence that support the view that credit interest rates respond more to increases than to decreases in the Central Bank basic interest rate (Selic). This asymmetry is robust to an event analysis, in which the availability of a dataset containing daily information is explored in order to isolate monetary policy shocks on interest r
Publicado em: 2008
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10. Déficit público, dívida pública e crescimento econômico: uma análise do período pós-real
The objective of this study is to analyze according to the Keynesian approach the relationship between deficit public, the growth of the public debt, and its implications of the economic activity. The stabilization of the Brazilian economy was followed by deterioration of public finance which the outcome was a severe fiscal disequilibrium and a rise of tax t
Publicado em: 2008
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11. Três ensaios sobre política monetária no Brasil : assimetrias nos efeitos reais de choques monetários, preferências do Banco Central e regras monetárias ótimas
Esta tese é composta de três ensaios. No primeiro ensaio, nós examinamos se os efeitos reais das ações de política monetária no Brasil são assimétricos. Para isto, estimamos modelos Markov-switching que permitem que os choques monetários positivos e negativos afetem a taxa de crescimento do produto de forma assimétrica nos estados de expansão e r
Publicado em: 2008
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12. Metas para inflação e taxa de juros no Brasil: uma análise do efeito dos preços livres e administrados
After surpassed more than half a decade since the adoption of inflation targeting in Brazil, it can be seen that maintaining a high interest rate is inherent to the strategy for the conduction of the monetary policy. The objective of this paper is to show that the present policy for defining the basic interest rate of the economy, based on the response to in
Brazilian Journal of Political Economy. Publicado em: 2007-09