Business Cycle Fluctuations in Brazil

Detalhes bibliográficos
Autor(a) principal: Ellery Junior, Roberto
Data de Publicação: 2002
Outros Autores: Gomes, Victor, Sachsida, Adolfo
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da UCB
Texto Completo: http://twingo.ucb.br:8080/jspui/handle/10869/628
https://repositorio.ucb.br:9443/jspui/handle/123456789/7526
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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spelling Ellery Junior, RobertoGomes, VictorSachsida, Adolfo2016-10-10T03:51:47Z2016-10-10T03:51:47Z2002-04ELLERY JR., Roberto; GOMES, Victor ; SACHSIDA, Adolfo. Business cycle fluctuations in Brazil. Revista Brasileira de Economia, v.56, n.2, p. 269-308, 2002.0034-7140http://twingo.ucb.br:8080/jspui/handle/10869/628https://repositorio.ucb.br:9443/jspui/handle/123456789/7526This 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.Made available in DSpace on 2016-10-10T03:51:47Z (GMT). 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dc.title.pt_BR.fl_str_mv Business Cycle Fluctuations in Brazil
title Business Cycle Fluctuations in Brazil
spellingShingle Business Cycle Fluctuations in Brazil
Ellery Junior, 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 Junior, Roberto
author_facet Ellery Junior, Roberto
Gomes, Victor
Sachsida, Adolfo
author_role author
author2 Gomes, Victor
Sachsida, Adolfo
author2_role author
author
dc.contributor.author.fl_str_mv Ellery Junior, 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
dc.description.abstract.por.fl_txt_mv 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.
dc.description.version.pt_BR.fl_txt_mv Sim
dc.description.status.pt_BR.fl_txt_mv Publicado
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.issued.fl_str_mv 2002-04
dc.date.accessioned.fl_str_mv 2016-10-10T03:51:47Z
dc.date.available.fl_str_mv 2016-10-10T03:51:47Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.citation.fl_str_mv ELLERY JR., Roberto; GOMES, Victor ; SACHSIDA, Adolfo. Business cycle fluctuations in Brazil. Revista Brasileira de Economia, v.56, n.2, p. 269-308, 2002.
dc.identifier.uri.fl_str_mv http://twingo.ucb.br:8080/jspui/handle/10869/628
https://repositorio.ucb.br:9443/jspui/handle/123456789/7526
dc.identifier.issn.none.fl_str_mv 0034-7140
identifier_str_mv ELLERY JR., Roberto; GOMES, Victor ; SACHSIDA, Adolfo. Business cycle fluctuations in Brazil. Revista Brasileira de Economia, v.56, n.2, p. 269-308, 2002.
0034-7140
url http://twingo.ucb.br:8080/jspui/handle/10869/628
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