文章基本信息

标题：Efeitos Regionais da Política Monetária no Brasil: Impactos e Transbordamentos Espaciais
本地全文：下载
作者：Marinho Bertanha ; Eduardo Amaral Haddad
期刊名称：Revista Brasileira de Economia
印刷版ISSN：0034-7140
出版年度：2008
卷号：62
期号：1
页码：3-29
语种：Portuguese
出版社：Escola de Pós-Graduação em Economia da FGV
摘要：This paper aims to estimate the impacts of monetary policy on economic activity of the Brazilian states, and to analyze the asymmetry of these effects. Based on a Spatial Structural Vector Auto-Regression (SVAR) model, and using spatial econometrics techniques, our approach makes it possible to include series of every state in just one model and still have degrees of freedom for proper estimation. Robustness of the results facing the choice of spatial weight matrix was tested, which allowed the estimation and testing for significance of contemporaneous as well as lagged spatial spillover effects of monetary policy among states.
其他摘要：This paper aims to estimate the impacts of monetary policy on economic activity of the Brazilian states, and to analyze the asymmetry of these effects. Based on a Spatial Structural Vector Auto-Regression (SVAR) model, and using spatial econometrics techniques, our approach makes it possible to include series of every state in just one model and still have degrees of freedom for proper estimation. Robustness of the results facing the choice of spatial weight matrix was tested, which allowed the estimation and testing for significance of contemporaneous as well as lagged spatial spillover effects of monetary policy among states.