Business cycle fluctuations in Brazil
Autor(a) principal: | |
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Data de Publicação: | 2002 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista Brasileira de Economia (Online) |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402002000200004 |
Resumo: | This paper documents the empirical relationship in postwar Brazil between the GNP and other key variables such as consumption, investment, productivity and hours worked. Since many of those series were not available to Brazil we also had to build a data-set, which includes consumption of non-durables, capital and hours worked. We use two filters to extract the cycles (the usual Hodrick-Prescott filter and a band-pass filter); this procedure was taken to avoid conclusions that depend too much on the filter in use. The paper also provides simulations of two dynamic general equilibrium models (the standard RBC model and the indivisible labor model) and tries to match the facts of the artificial economy with those of the actual economy. We show that the basic models fail to replicate some of the observed facts. |
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Business cycle fluctuations in Brazilreal business cyclesaggregate fluctuationstechnology shocksThis paper documents the empirical relationship in postwar Brazil between the GNP and other key variables such as consumption, investment, productivity and hours worked. Since many of those series were not available to Brazil we also had to build a data-set, which includes consumption of non-durables, capital and hours worked. We use two filters to extract the cycles (the usual Hodrick-Prescott filter and a band-pass filter); this procedure was taken to avoid conclusions that depend too much on the filter in use. The paper also provides simulations of two dynamic general equilibrium models (the standard RBC model and the indivisible labor model) and tries to match the facts of the artificial economy with those of the actual economy. We show that the basic models fail to replicate some of the observed facts.Fundação Getúlio Vargas2002-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402002000200004Revista Brasileira de Economia v.56 n.2 2002reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGV10.1590/S0034-71402002000200004info:eu-repo/semantics/openAccessEllery Jr.,RobertoGomes,VictorSachsida,Adolfoeng2003-06-27T00:00:00Zoai:scielo:S0034-71402002000200004Revistahttp://bibliotecadigital.fgv.br/ojs/index.php/rbe/issue/archivehttps://old.scielo.br/oai/scielo-oai.php||rbe@fgv.br1806-91340034-7140opendoar:2003-06-27T00:00Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)false |
dc.title.none.fl_str_mv |
Business cycle fluctuations in Brazil |
title |
Business cycle fluctuations in Brazil |
spellingShingle |
Business cycle fluctuations in Brazil Ellery Jr.,Roberto real business cycles aggregate fluctuations technology shocks |
title_short |
Business cycle fluctuations in Brazil |
title_full |
Business cycle fluctuations in Brazil |
title_fullStr |
Business cycle fluctuations in Brazil |
title_full_unstemmed |
Business cycle fluctuations in Brazil |
title_sort |
Business cycle fluctuations in Brazil |
author |
Ellery Jr.,Roberto |
author_facet |
Ellery Jr.,Roberto Gomes,Victor Sachsida,Adolfo |
author_role |
author |
author2 |
Gomes,Victor Sachsida,Adolfo |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Ellery Jr.,Roberto Gomes,Victor Sachsida,Adolfo |
dc.subject.por.fl_str_mv |
real business cycles aggregate fluctuations technology shocks |
topic |
real business cycles aggregate fluctuations technology shocks |
description |
This paper documents the empirical relationship in postwar Brazil between the GNP and other key variables such as consumption, investment, productivity and hours worked. Since many of those series were not available to Brazil we also had to build a data-set, which includes consumption of non-durables, capital and hours worked. We use two filters to extract the cycles (the usual Hodrick-Prescott filter and a band-pass filter); this procedure was taken to avoid conclusions that depend too much on the filter in use. The paper also provides simulations of two dynamic general equilibrium models (the standard RBC model and the indivisible labor model) and tries to match the facts of the artificial economy with those of the actual economy. We show that the basic models fail to replicate some of the observed facts. |
publishDate |
2002 |
dc.date.none.fl_str_mv |
2002-01-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402002000200004 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402002000200004 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/S0034-71402002000200004 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Fundação Getúlio Vargas |
publisher.none.fl_str_mv |
Fundação Getúlio Vargas |
dc.source.none.fl_str_mv |
Revista Brasileira de Economia v.56 n.2 2002 reponame:Revista Brasileira de Economia (Online) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
reponame_str |
Revista Brasileira de Economia (Online) |
collection |
Revista Brasileira de Economia (Online) |
repository.name.fl_str_mv |
Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV) |
repository.mail.fl_str_mv |
||rbe@fgv.br |
_version_ |
1754115904439844864 |