The macroeconomic effects of monetary policy shocks under fiscal constrained

PurposeThis paper aims to analyze the macroeconomic effects of a monetary policy shock considering that fiscal policy is under fiscal constraints. For that, a dynamic stochastic general equilibrium (DSGE) model was developed for Brazil, which was estimated through Bayesian econometrics.Design/method...

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Bibliographic Details
Published in:	Journal of economic studies (Bradford) Vol. 47; no. 4; pp. 805 - 825
Main Authors:	Jesus, Diego Pitta de, Besarria, Cássio da Nóbrega, Maia, Sinézio Fernandes
Format:	Journal Article
Language:	English
Published:	Emerald Publishing Limited 27-07-2020
Subjects:	E62 Monetary policy Bayesian estimation E52 H63 Fiscal rules
Online Access:	Get full text
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