A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2017/24-P
cepal.docTypeRevistas
cepal.jelCodeF30
cepal.jelCodeF32
cepal.jelCodeF39
cepal.jobNumberRVI123_Nassif
cepal.physicalDescriptiongráficos., tablas
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.sdg8
cepal.sdg10
cepal.sdg17
cepal.topicEngECONOMETRICS
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngMACROECONOMICS
cepal.topicSpaECONOMETRÍA
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorFeijó, Carmem Aparecida
dc.contributor.authorAraújo, Eliane
dc.contributor.authorNassif, André
dc.coverage.spatialEngBRAZIL
dc.coverage.spatialSpaBRASIL
dc.coverage.temporalEnd2015
dc.coverage.temporalStart1999
dc.date.accessioned2018-04-10T21:03:58Z
dc.date.available2018-04-10T21:03:58Z
dc.date.issued2017-12
dc.description.abstractThe “optimum” long-run real exchange rate is the rate that will efficiently channel production resources into industries that generate and diffuse productivity gains in the economy as a whole and that will thus tend to speed up and sustain the economic development process. Rather than employing conventional models, a structuralist-Keynesian model is used to demonstrate, both theoretically and empirically, that the factors influencing the path of the long-run real exchange rate and the divergence of the observed real exchange rate from the “optimum” real exchange rate in terms of economic development are accounted for by both structural and short-term macroeconomic policy variables. Econometric estimates for 1999-2015 indicate that, following a prolonged period, beginning in late 2005, during which the Brazilian currency appreciated quite steeply, the real exchange rate in Brazil reached its “optimum” level in mid-January 2016.
dc.formatTexto
dc.format.extentpáginas. 188-20
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2017/24-P
dc.identifier.urihttps://hdl.handle.net/11362/43449
dc.language.isoeng
dc.physicalDescriptionp. 188-208; grafs., tabls
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo123
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordUn modelo estructuralista-keynesiano de determinación del tipo cambio real “óptimo” para el desarrollo económico brasileño: 1999-2015
dc.relation.translationUrihttps://hdl.handle.net/11362/42700
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisEngSTRUCTURAL ADJUSTMENT
dc.subject.unbisEngECONOMIC CONVERGENCE
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngFOREIGN EXCHANGE RATES
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngDEVELOPMENT MODELS
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.subject.unbisSpaAJUSTE ESTRUCTURAL
dc.subject.unbisSpaCONVERGENCIA ECONOMICA
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaTIPOS DE CAMBIO
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaMODELOS DE DESARROLLO
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.titleA structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublicationc81b7a9d-9141-4ef7-b246-9ae49fe721d7
relation.isAuthorOfPublicationf4d96c8b-d666-4569-9b04-c33676f9b155
relation.isAuthorOfPublication1f8e8157-9df7-4f19-848e-a90c779566f1
relation.isAuthorOfPublication.latestForDiscoveryc81b7a9d-9141-4ef7-b246-9ae49fe721d7
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