REGIONALS ASYMMETRICS IMPACTS OF EXCHANGE RATE POLICY IN BRAZIL: AN APPROACH WITH THE METHOD VAR

Detalhes bibliográficos
Autor(a) principal: Braatz, Jacó
Data de Publicação: 2016
Outros Autores: Moraes, Gustavo Inácio de
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/43342
Resumo: In this article, we present a discussion of exchange rate policy and its potential asymmetric effects in regional terms for Brazil. The main focus is to examine how state economies are affected by variations in the level of rates. The strategy is based on modeling vector autoregressive (VAR) for data between 2000 and 2011, available for thirteen major states. The results point to confirm that there is asymmetry in the responses of the Brazilian states facing common macroeconomic shocks, since regionally differentiated impacts were found in the sample used. Thus, we show that characteristics such as production structure and trade integration in state economies are of paramount importance to explain the different levels of impacts, with very marked differences in the intensity and staging of the answers.
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spelling REGIONALS ASYMMETRICS IMPACTS OF EXCHANGE RATE POLICY IN BRAZIL: AN APPROACH WITH THE METHOD VARIMPACTOS REGIONAIS ASSIMETRICOS DA POLITICA CAMBIAL NO BRASIL: UMA ABORDAGEM COM O METODO VARExchange rate policyRegional impactsVector autoregressionC32E17R11Política cambialImpactos regionaisVetores autorregressivosC32E17R11In this article, we present a discussion of exchange rate policy and its potential asymmetric effects in regional terms for Brazil. The main focus is to examine how state economies are affected by variations in the level of rates. The strategy is based on modeling vector autoregressive (VAR) for data between 2000 and 2011, available for thirteen major states. The results point to confirm that there is asymmetry in the responses of the Brazilian states facing common macroeconomic shocks, since regionally differentiated impacts were found in the sample used. Thus, we show that characteristics such as production structure and trade integration in state economies are of paramount importance to explain the different levels of impacts, with very marked differences in the intensity and staging of the answers.Neste artigo apresenta-se uma discussão sobre as políticas cambiais e seus potenciais efeitos assimétricos em termos regionais para o Brasil. O objetivo principal do estudo é analisar de que modo as economias estaduais são afetadas pelas variações no nível de câmbio. A estratégia metodológica se baseia na modelagem de vetores autorregressivos (VAR) para dados entre 2000 e 2011, disponíveis para os 13 principais estados brasileiros. Os resultados apontam para a confirmação de que há assimetrias nas respostas dos estados brasileiros frente a choques macroeconômicos comuns, já que são constatados impactos regionalmente diferenciados na amostra utilizada. Assim, demonstra-se que características como estrutura produtiva e inserção no comércio internacional das economias estaduais são de suma importância para se explicar os diferentes níveis de impactos, com diferenças bastante acentuadas na intensidade e temporariedade das respostas.UFRGS2016-03-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/4334210.22456/2176-5456.43342Análise Econômica; Vol. 34 No. 65 (2016): março de 2016Análise Econômica; v. 34 n. 65 (2016): março de 20162176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/43342/36637Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessBraatz, JacóMoraes, Gustavo Inácio de2016-05-06T16:21:04Zoai:seer.ufrgs.br:article/43342Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2016-05-06T16:21:04Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv REGIONALS ASYMMETRICS IMPACTS OF EXCHANGE RATE POLICY IN BRAZIL: AN APPROACH WITH THE METHOD VAR
IMPACTOS REGIONAIS ASSIMETRICOS DA POLITICA CAMBIAL NO BRASIL: UMA ABORDAGEM COM O METODO VAR
title REGIONALS ASYMMETRICS IMPACTS OF EXCHANGE RATE POLICY IN BRAZIL: AN APPROACH WITH THE METHOD VAR
spellingShingle REGIONALS ASYMMETRICS IMPACTS OF EXCHANGE RATE POLICY IN BRAZIL: AN APPROACH WITH THE METHOD VAR
Braatz, Jacó
Exchange rate policy
Regional impacts
Vector autoregression
C32
E17
R11
Política cambial
Impactos regionais
Vetores autorregressivos
C32
E17
R11
title_short REGIONALS ASYMMETRICS IMPACTS OF EXCHANGE RATE POLICY IN BRAZIL: AN APPROACH WITH THE METHOD VAR
title_full REGIONALS ASYMMETRICS IMPACTS OF EXCHANGE RATE POLICY IN BRAZIL: AN APPROACH WITH THE METHOD VAR
title_fullStr REGIONALS ASYMMETRICS IMPACTS OF EXCHANGE RATE POLICY IN BRAZIL: AN APPROACH WITH THE METHOD VAR
title_full_unstemmed REGIONALS ASYMMETRICS IMPACTS OF EXCHANGE RATE POLICY IN BRAZIL: AN APPROACH WITH THE METHOD VAR
title_sort REGIONALS ASYMMETRICS IMPACTS OF EXCHANGE RATE POLICY IN BRAZIL: AN APPROACH WITH THE METHOD VAR
author Braatz, Jacó
author_facet Braatz, Jacó
Moraes, Gustavo Inácio de
author_role author
author2 Moraes, Gustavo Inácio de
author2_role author
dc.contributor.author.fl_str_mv Braatz, Jacó
Moraes, Gustavo Inácio de
dc.subject.por.fl_str_mv Exchange rate policy
Regional impacts
Vector autoregression
C32
E17
R11
Política cambial
Impactos regionais
Vetores autorregressivos
C32
E17
R11
topic Exchange rate policy
Regional impacts
Vector autoregression
C32
E17
R11
Política cambial
Impactos regionais
Vetores autorregressivos
C32
E17
R11
description In this article, we present a discussion of exchange rate policy and its potential asymmetric effects in regional terms for Brazil. The main focus is to examine how state economies are affected by variations in the level of rates. The strategy is based on modeling vector autoregressive (VAR) for data between 2000 and 2011, available for thirteen major states. The results point to confirm that there is asymmetry in the responses of the Brazilian states facing common macroeconomic shocks, since regionally differentiated impacts were found in the sample used. Thus, we show that characteristics such as production structure and trade integration in state economies are of paramount importance to explain the different levels of impacts, with very marked differences in the intensity and staging of the answers.
publishDate 2016
dc.date.none.fl_str_mv 2016-03-02
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/43342
10.22456/2176-5456.43342
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/43342
identifier_str_mv 10.22456/2176-5456.43342
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/43342/36637
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 34 No. 65 (2016): março de 2016
Análise Econômica; v. 34 n. 65 (2016): março de 2016
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
_version_ 1799766267465302016

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