A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira

Detalhes bibliográficos
Autor(a) principal: Oliveira, Pedro Henrique de
Data de Publicação: 2019
Tipo de documento: Dissertação
Idioma: por
Título da fonte: Biblioteca Digital de Teses e Dissertações da UCB
Texto Completo: https://bdtd.ucb.br:8443/jspui/handle/tede/2646
Resumo: This work introduces fiscal policy in Divino and Kornelius (2015) general equilibrium stochastic general equilibrium model (DSGE), which contains financial frictions and a macroprudential policy, requiring reserve requirements. In view of this model, the role of the primary surplus and government spending as a means of propagating the shocks adopted in the model were analyzed. The results indicate that the presence of compulsory deposits increases the spread of monetary policy by reducing the level of credit. Public debt positively responds to real interest rate growth and tends to decline if not. Macro-prudential policy should not be a substitute for traditional monetary policy and should only stabilize the level of credit and leverage of the financial intermediation sector.
id UCB_6f7a2648a6675f7884583a57ac770768
oai_identifier_str oai:bdtd.ucb.br:tede/2646
network_acronym_str UCB
network_name_str Biblioteca Digital de Teses e Dissertações da UCB
spelling Divino, Jos?? Angelo Costa do Amorhttp://lattes.cnpq.br/4790508103951006http://lattes.cnpq.br/2474717486505763Oliveira, Pedro Henrique de2019-11-07T19:38:21Z2019-02-27OLIVEIRA, Pedro Henrique de. A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira. 2019. 72 f. Disserta????o (Programa Stricto Sensu em Economia de Empresas) - Universidade Cat??lica de Bras??lia, Bras??lia, 2019.https://bdtd.ucb.br:8443/jspui/handle/tede/2646This work introduces fiscal policy in Divino and Kornelius (2015) general equilibrium stochastic general equilibrium model (DSGE), which contains financial frictions and a macroprudential policy, requiring reserve requirements. In view of this model, the role of the primary surplus and government spending as a means of propagating the shocks adopted in the model were analyzed. The results indicate that the presence of compulsory deposits increases the spread of monetary policy by reducing the level of credit. Public debt positively responds to real interest rate growth and tends to decline if not. Macro-prudential policy should not be a substitute for traditional monetary policy and should only stabilize the level of credit and leverage of the financial intermediation sector.Este trabalho introduz a pol??tica fiscal no modelo din??mico estoc??stico de equil??brio geral (DSGE, sigla em ingl??s) de Divino e Kornelius (2015), que cont??m fric????es financeiras e uma pol??tica macroprudencial, exigindo recolhimentos compuls??rios. Diante dessa modelagem, foram analisados o papel do super??vit prim??rio e os gastos do governo como via de propaga????o dos choques adotados no modelo. Os resultados indicam que a presen??a de dep??sitos compuls??rios amplia a propaga????o da pol??tica monet??ria por meio da diminui????o do n??vel de cr??dito. A d??vida p??blica responde, positivamente, ao crescimento da taxa de juros real e tende a diminuir em caso contr??rio. A pol??tica macroprudencial n??o deve ser substituta da pol??tica monet??ria tradicional e deve, apenas, estabilizar o n??vel de cr??dito e alavancagem do setor de intermedia????o financeira.Submitted by Sara Ribeiro (sara.ribeiro@ucb.br) on 2019-11-07T19:33:33Z No. of bitstreams: 1 PedroHenriquedeOliveiraDissertacao2019.pdf: 1531731 bytes, checksum: 259287c7d5dc160835801ab7fa34ce63 (MD5)Approved for entry into archive by Sara Ribeiro (sara.ribeiro@ucb.br) on 2019-11-07T19:38:21Z (GMT) No. of bitstreams: 1 PedroHenriquedeOliveiraDissertacao2019.pdf: 1531731 bytes, checksum: 259287c7d5dc160835801ab7fa34ce63 (MD5)Made available in DSpace on 2019-11-07T19:38:21Z (GMT). No. of bitstreams: 1 PedroHenriquedeOliveiraDissertacao2019.pdf: 1531731 bytes, checksum: 259287c7d5dc160835801ab7fa34ce63 (MD5) Previous issue date: 2019-02-27application/pdfhttps://200.214.135.178:8443/jspui/retrieve/7102/PedroHenriquedeOliveiraDissertacao2019.pdf.jpgporUniversidade Cat??lica de Bras??liaPrograma Stricto Sensu em Economia de EmpresasUCBBrasilEscola de Humanidades, Neg??cios e DireitoPol??tica fiscalPol??tica monet??riaSuper??vit prim??rioDep??sitos compuls??riosPol??tica macroprudencialMacroprudential policyCompulsory tanksPrimary surplusMonetary policyFiscal policyCNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIAA intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileirainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Biblioteca Digital de Teses e Dissertações da UCBinstname:Universidade Católica de Brasília (UCB)instacron:UCBTHUMBNAILPedroHenriquedeOliveiraDissertacao2019.pdf.jpgPedroHenriquedeOliveiraDissertacao2019.pdf.jpgimage/jpeg5242https://200.214.135.178:8443/jspui/bitstream/tede/2646/4/PedroHenriquedeOliveiraDissertacao2019.pdf.jpge0463416ab9578ec0308a53a094185efMD54TEXTPedroHenriquedeOliveiraDissertacao2019.pdf.txtPedroHenriquedeOliveiraDissertacao2019.pdf.txttext/plain105840https://200.214.135.178:8443/jspui/bitstream/tede/2646/3/PedroHenriquedeOliveiraDissertacao2019.pdf.txt0d30c31ca739d178d30b2fd532f7d92eMD53LICENSElicense.txtlicense.txttext/plain; charset=utf-81905https://200.214.135.178:8443/jspui/bitstream/tede/2646/1/license.txt75558dcf859532757239878b42f1c2c7MD51ORIGINALPedroHenriquedeOliveiraDissertacao2019.pdfPedroHenriquedeOliveiraDissertacao2019.pdfapplication/pdf1531731https://200.214.135.178:8443/jspui/bitstream/tede/2646/2/PedroHenriquedeOliveiraDissertacao2019.pdf259287c7d5dc160835801ab7fa34ce63MD52tede/26462020-07-07 16:00:08.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 Digital de Teses e Dissertaçõeshttps://bdtd.ucb.br:8443/jspui/
dc.title.por.fl_str_mv A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira
title A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira
spellingShingle A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira
Oliveira, Pedro Henrique de
Pol??tica fiscal
Pol??tica monet??ria
Super??vit prim??rio
Dep??sitos compuls??rios
Pol??tica macroprudencial
Macroprudential policy
Compulsory tanks
Primary surplus
Monetary policy
Fiscal policy
CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA
title_short A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira
title_full A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira
title_fullStr A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira
title_full_unstemmed A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira
title_sort A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira
author Oliveira, Pedro Henrique de
author_facet Oliveira, Pedro Henrique de
author_role author
dc.contributor.advisor1.fl_str_mv Divino, Jos?? Angelo Costa do Amor
dc.contributor.advisor1Lattes.fl_str_mv http://lattes.cnpq.br/4790508103951006
dc.contributor.authorLattes.fl_str_mv http://lattes.cnpq.br/2474717486505763
dc.contributor.author.fl_str_mv Oliveira, Pedro Henrique de
contributor_str_mv Divino, Jos?? Angelo Costa do Amor
dc.subject.por.fl_str_mv Pol??tica fiscal
Pol??tica monet??ria
Super??vit prim??rio
Dep??sitos compuls??rios
Pol??tica macroprudencial
topic Pol??tica fiscal
Pol??tica monet??ria
Super??vit prim??rio
Dep??sitos compuls??rios
Pol??tica macroprudencial
Macroprudential policy
Compulsory tanks
Primary surplus
Monetary policy
Fiscal policy
CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA
dc.subject.eng.fl_str_mv Macroprudential policy
Compulsory tanks
Primary surplus
Monetary policy
Fiscal policy
dc.subject.cnpq.fl_str_mv CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA
dc.description.abstract.eng.fl_txt_mv This work introduces fiscal policy in Divino and Kornelius (2015) general equilibrium stochastic general equilibrium model (DSGE), which contains financial frictions and a macroprudential policy, requiring reserve requirements. In view of this model, the role of the primary surplus and government spending as a means of propagating the shocks adopted in the model were analyzed. The results indicate that the presence of compulsory deposits increases the spread of monetary policy by reducing the level of credit. Public debt positively responds to real interest rate growth and tends to decline if not. Macro-prudential policy should not be a substitute for traditional monetary policy and should only stabilize the level of credit and leverage of the financial intermediation sector.
dc.description.abstract.por.fl_txt_mv Este trabalho introduz a pol??tica fiscal no modelo din??mico estoc??stico de equil??brio geral (DSGE, sigla em ingl??s) de Divino e Kornelius (2015), que cont??m fric????es financeiras e uma pol??tica macroprudencial, exigindo recolhimentos compuls??rios. Diante dessa modelagem, foram analisados o papel do super??vit prim??rio e os gastos do governo como via de propaga????o dos choques adotados no modelo. Os resultados indicam que a presen??a de dep??sitos compuls??rios amplia a propaga????o da pol??tica monet??ria por meio da diminui????o do n??vel de cr??dito. A d??vida p??blica responde, positivamente, ao crescimento da taxa de juros real e tende a diminuir em caso contr??rio. A pol??tica macroprudencial n??o deve ser substituta da pol??tica monet??ria tradicional e deve, apenas, estabilizar o n??vel de cr??dito e alavancagem do setor de intermedia????o financeira.
description This work introduces fiscal policy in Divino and Kornelius (2015) general equilibrium stochastic general equilibrium model (DSGE), which contains financial frictions and a macroprudential policy, requiring reserve requirements. In view of this model, the role of the primary surplus and government spending as a means of propagating the shocks adopted in the model were analyzed. The results indicate that the presence of compulsory deposits increases the spread of monetary policy by reducing the level of credit. Public debt positively responds to real interest rate growth and tends to decline if not. Macro-prudential policy should not be a substitute for traditional monetary policy and should only stabilize the level of credit and leverage of the financial intermediation sector.
publishDate 2019
dc.date.accessioned.fl_str_mv 2019-11-07T19:38:21Z
dc.date.issued.fl_str_mv 2019-02-27
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
status_str publishedVersion
format masterThesis
dc.identifier.citation.fl_str_mv OLIVEIRA, Pedro Henrique de. A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira. 2019. 72 f. Disserta????o (Programa Stricto Sensu em Economia de Empresas) - Universidade Cat??lica de Bras??lia, Bras??lia, 2019.
dc.identifier.uri.fl_str_mv https://bdtd.ucb.br:8443/jspui/handle/tede/2646
identifier_str_mv OLIVEIRA, Pedro Henrique de. A intera????o entre as pol??ticas fiscal, monet??ria e macroprudencial na economia brasileira. 2019. 72 f. Disserta????o (Programa Stricto Sensu em Economia de Empresas) - Universidade Cat??lica de Bras??lia, Bras??lia, 2019.
url https://bdtd.ucb.br:8443/jspui/handle/tede/2646
dc.language.iso.fl_str_mv por
language por
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade Cat??lica de Bras??lia
dc.publisher.program.fl_str_mv Programa Stricto Sensu em Economia de Empresas
dc.publisher.initials.fl_str_mv UCB
dc.publisher.country.fl_str_mv Brasil
dc.publisher.department.fl_str_mv Escola de Humanidades, Neg??cios e Direito
publisher.none.fl_str_mv Universidade Cat??lica de Bras??lia
dc.source.none.fl_str_mv reponame:Biblioteca Digital de Teses e Dissertações da UCB
instname:Universidade Católica de Brasília (UCB)
instacron:UCB
instname_str Universidade Católica de Brasília (UCB)
instacron_str UCB
institution UCB
reponame_str Biblioteca Digital de Teses e Dissertações da UCB
collection Biblioteca Digital de Teses e Dissertações da UCB
bitstream.url.fl_str_mv https://200.214.135.178:8443/jspui/bitstream/tede/2646/4/PedroHenriquedeOliveiraDissertacao2019.pdf.jpg
https://200.214.135.178:8443/jspui/bitstream/tede/2646/3/PedroHenriquedeOliveiraDissertacao2019.pdf.txt
https://200.214.135.178:8443/jspui/bitstream/tede/2646/1/license.txt
https://200.214.135.178:8443/jspui/bitstream/tede/2646/2/PedroHenriquedeOliveiraDissertacao2019.pdf
bitstream.checksum.fl_str_mv e0463416ab9578ec0308a53a094185ef
0d30c31ca739d178d30b2fd532f7d92e
75558dcf859532757239878b42f1c2c7
259287c7d5dc160835801ab7fa34ce63
bitstream.checksumAlgorithm.fl_str_mv MD5
MD5
MD5
MD5
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1724829780582334464

Registros relacionados