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Análise da Dinâmica do Modelo IS-MP para a Economia Brasileira Contemporânea
[Analysis of Dynamics of Model IS-MP for the Contemporary Brazilian Economy]

Author

Listed:
  • Costa Junior, Celso Jose

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.

Suggested Citation

  • Costa Junior, Celso Jose, 2009. "Análise da Dinâmica do Modelo IS-MP para a Economia Brasileira Contemporânea [Analysis of Dynamics of Model IS-MP for the Contemporary Brazilian Economy]," MPRA Paper 45522, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:45522
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    References listed on IDEAS

    as
    1. Brunner, Karl & Meltzer, Allan H., 1976. "The Phillips curve," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 1-18, January.
    2. Olivier Blanchard, 2000. "What Do We Know about Macroeconomics that Fisher and Wicksell Did Not?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(4), pages 1375-1409.
    3. David H. Romer, 2000. "Keynesian Macroeconomics without the LM Curve," Journal of Economic Perspectives, American Economic Association, vol. 14(2), pages 149-169, Spring.
    4. Kenneth Rogoff, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(4), pages 1169-1189.
    5. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Dynamic Macroeconometrics; Econometrics Models; Keynesian Macroeconomics; Monetary Policy.;
    All these keywords.

    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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