Hidden Bibliographic Details
| Other authors / contributors: | Laxton, Douglas, author.
Pagan, A. R., author.
International Monetary Fund. Research Department.
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| ISBN: | 1462375979
9781462375974
1452778345
9781452778341
9786612841422
6612841427
1282841424
9781282841420
1451870493
9781451870497
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| Notes: | At head of title: Research Department.
"August 2008."
Includes bibliographical references (pages 26-29).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011.
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
English.
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper lays out a structural model that incorporates key features of monetary transmission in typical emerging-market economies, including a bank-credit channel and the role of external debt accumulation on country risk premia and exchange rate dynamics. We use an SVAR representation of the model to study the monetary transmission in Brazil. We find that interest rate changes have swifter effects on output ande inflation compared to advanced economies and that exchange rate dynamics plays a key role in this connection. Importantly, the response to monetary policy shocks has grown stronger and the output-inflation tradeoff improved since the introduction of inflation targeting.
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| Other form: | Print version: Catão, Luis. Monetary transmission in an emerging targeter. Washington, D.C. : International Monetary Fund, ©2008
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