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Política Monetária e Relação entre PIB Real e Mercado de Ações na Economia Brasileira
[Monetary policy and the relationship between real GDP and stockmarket in the Brazilian economy]

Author

Listed:
  • Nunes, Mauricio
  • Da Silva, Sergio

Abstract

This paper presents favorable piece of evidence of the relationship between the Brazilian real output and its stockmarket. Neglecting this fact may jeopardize current price stability and economic growth.

Suggested Citation

  • Nunes, Mauricio & Da Silva, Sergio, 2005. "Política Monetária e Relação entre PIB Real e Mercado de Ações na Economia Brasileira [Monetary policy and the relationship between real GDP and stockmarket in the Brazilian economy]," MPRA Paper 4158, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:4158
    as

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    File URL: https://mpra.ub.uni-muenchen.de/4158/1/MPRA_paper_4158.pdf
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    References listed on IDEAS

    as
    1. Jay Choi, Jongmoo & Hauser, Shmuel & Kopecky, Kenneth J., 1999. "Does the stock market predict real activity? Time series evidence from the G-7 countries," Journal of Banking & Finance, Elsevier, vol. 23(12), pages 1771-1792, December.
    2. repec:bla:jfinan:v:44:y:1989:i:5:p:1115-53 is not listed on IDEAS
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    7. William A. Brock, 1982. "Asset Prices in a Production Economy," NBER Chapters, in: The Economics of Information and Uncertainty, pages 1-46, National Bureau of Economic Research, Inc.
    8. Abel, Andrew B., 1988. "Stock prices under time-varying dividend risk : An exact solution in an infinite-horizon general equilibrium model," Journal of Monetary Economics, Elsevier, vol. 22(3), pages 375-393.
    9. Kaul, Gautam, 1987. "Stock returns and inflation : The role of the monetary sector," Journal of Financial Economics, Elsevier, vol. 18(2), pages 253-276, June.
    10. John J. McCall, 1982. "The Economics of Information and Uncertainty," NBER Books, National Bureau of Economic Research, Inc, number mcca82-1.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economia brasileira; PIB real; Bovespa;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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