Trade elasticities and market expectations in Brazil /

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Bibliographic Details
Author / Creator:Paiva, Claudio, author.
Imprint:Washington, D.C : International Monetary Fund, ©2003.
Description:1 online resource (21 pages) : illustrations
Language:English
Series:IMF working paper ; WP/03/140
IMF working paper ; WP/03/140.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497014
Hidden Bibliographic Details
Other authors / contributors:IMF Institute.
International Monetary Fund.
ISBN:1451901305
9781451901306
Notes:Includes bibliographical references (pages 20-21).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:This paper provides econometric estimates of trade elasticities for Brazil obtained through cointegration and vector auto regression models and controlling for the effects of exchange rate volatility, capacity utilization, and changes in import tariffs. The results suggest that (i) recent market expectations may have been unduly pessimistic regarding the responsiveness of Brazil's trade flows to the real exchange rate, but (ii) the GDP growth rates targeted by the new government may put downward pressure on the exchange rate and thus render the achievement of official inflation targets considerably more difficult if structural reforms are not implemented.
Other form:Print version: Paiva, Claudio. Trade elasticities and market expectations in Brazil. Washington, D.C : International Monetary Fund, ©2003

MARC

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520 |a This paper provides econometric estimates of trade elasticities for Brazil obtained through cointegration and vector auto regression models and controlling for the effects of exchange rate volatility, capacity utilization, and changes in import tariffs. The results suggest that (i) recent market expectations may have been unduly pessimistic regarding the responsiveness of Brazil's trade flows to the real exchange rate, but (ii) the GDP growth rates targeted by the new government may put downward pressure on the exchange rate and thus render the achievement of official inflation targets considerably more difficult if structural reforms are not implemented. 
588 0 |a Print version record. 
651 0 |a Brazil  |x Commerce  |x Econometric models. 
650 0 |a Elasticity (Economics)  |z Brazil  |x Econometric models. 
650 0 |a Foreign exchange rates  |x Economic aspects  |z Brazil  |x Econometric models. 
650 0 |a Tariff  |z Brazil  |x Econometric models. 
650 6 |a Élasticité (Économie politique)  |z Brésil  |x Modèles économétriques. 
650 6 |a Taux de change  |x Aspect économique  |z Brésil  |x Modèles économétriques. 
650 6 |a Tarif douanier  |z Brésil  |x Modèles économétriques. 
650 7 |a Commerce  |x Econometric models.  |2 fast  |0 (OCoLC)fst00869286 
650 7 |a Elasticity (Economics)  |x Econometric models.  |2 fast  |0 (OCoLC)fst00904221 
650 7 |a Tariff  |x Econometric models.  |2 fast  |0 (OCoLC)fst01143160 
651 7 |a Brazil.  |2 fast  |0 (OCoLC)fst01206830 
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710 2 |a International Monetary Fund.  |0 http://id.loc.gov/authorities/names/n81052755 
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