Análise da Dinâmica do Modelo IS-MP para a Economia Brasileira Contemporânea

Costa Junior, Celso Jose (2009): Análise da Dinâmica do Modelo IS-MP para a Economia Brasileira Contemporânea. Published in: Análise Econômica , Vol. 28, No. 54 (September 2010): pp. 141-161.

Abstract

This work has objetive to discuss a new approach for the model IS-LM proposal by Romer (2000), which curved LM is substituted by a curved MP (monetary policy of the Central Bank). The work was motivated by the need of a more coherent model with the current economic reality for forecast and analysiss of economic policies. It was also made a dynamic analysis of the model to know its behavior in relation to changes in equilibrium. The datas macroeconomics used in the models econometrics is of Ipeadata, it´s being quarterly data going from the first quarter of 1995 to the fourth quarter of 2007.

• Item Type: MPRA Paper
• English Title: Analysis of Dynamics of Model IS-MP for the Contemporary Brazilian Economy
• Language: Portuguese
• Keywords: Dynamic Macroeconometrics, Econometrics Models, Keynesian Macroeconomics, Monetary Policy.
• Subjects: C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C52 - Model Evaluation, Validation, and Selection; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E10 - General; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General

References

Blanchard, O. What do we know about macroeconomics that Fisher and Wicksell did not? NBER working paper series. Massachusetts: Working paper 7550, feb. 2000.

Giambiagi, F. Rompendo com a ruptura: o governo Lula (2003-2004). In: Giambiagi, F. et al. Economia brasileira contemporânea (1945-2004). Rio de Janeiro: Campus, 2005.

Hall, R. E., Lieberman, M. Macroeconomia: princípios e aplicações. São Paulo: Thomson, 2003.

Lucas, R. E. J. Econometric policy evaluation: a critique. In: Brunner, K, Meltzer, A. (Ed.). The phillips curve and laber markets. Amsterdam: North-Holland, 1976.

Mankiw, N. G. A quick refresher couse in macroeconomics. Journal of Economics Literature, v 28, n 4, p 1645-1660, dec. 1990.

Rogoff, K. The optimal degree of commitment to an intermediate monetary target. Quartely Journal of Economics, v 100, n 4, p 1169-1189, nov 1985.

Romer, D. Keynesian macroeconomics without the LM curve. NBER working paper series, Massachusetts: Working paper 7461, jan 2000.

Shone, R. Economics dynamics: phase diagrams and their economic application. New York: Cambridge, 2002.