Use este identificador para citar ou linkar para este item:
https://repositorio.ufpe.br/handle/123456789/40157
Compartilhe esta página
Título: | Uncertainty shocks and business cycles in Brazil : a DSGE approach |
Autor(es): | MELO, Caíque Luan de Santana |
Palavras-chave: | Incerteza; Equilíbrio geral; Economia brasileira |
Data do documento: | 27-Fev-2019 |
Editor: | Universidade Federal de Pernambuco |
Citação: | MELO, Caíque Luan de Santana. Uncertainty shocks and business cycles in Brazil: a DSGE approach. 2019. Dissertação (Mestrado em Economia) – Universidade Federal de Pernambuco, Recife, 2019. |
Abstract: | In this present work I analyze the impact of uncertainty shocks on the Brazilian economy. I employ a Dynamic Stochastic General Equilibrium model to assess the transmission channels of uncertainty shocks. could be identified and I solve the model using a third order approximation for the policy functions since lower order approximations are not able to capture the effects of volatility shocks. Examining the channels through which shocks of uncertainty on TFP and interest rates may affect Brazilian economy, the impulse-response functions suggest that an increase in domestic and external volatility usually leads to a drop in consumption, investment, and output, and an increase in labor supply and external debt. Through the variance decomposition uncertainty shocks are relevant to explain the dynamics of economic activity in Brazil. Additionally I perform a robustness analysis and showed that the results are maintained in response to different calibrations. |
URI: | https://repositorio.ufpe.br/handle/123456789/40157 |
Aparece nas coleções: | Dissertações de Mestrado - Economia |
Arquivos associados a este item:
Arquivo | Descrição | Tamanho | Formato | |
---|---|---|---|---|
DISSERTAÇÃO Caíque Luan de Santana Melo.pdf | 723,21 kB | Adobe PDF | ![]() Visualizar/Abrir |
Este arquivo é protegido por direitos autorais |
Este item está licenciada sob uma Licença Creative Commons