Produção industrial no Brasil: uma análise de dados em tempo real

Cusinato, Rafael Tiecher; Minella, André; Júnior, Sabino da Silva Pôrto

doi:10.1590/s1413-80502013000100003

Cited by 4 publications

(2 citation statements)

References 7 publications

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“…In this sense, Cusinato, Minella and Porto (2013) point out that industrial production is one of the most important ways to measure the level of the economic activity, especially because of its ability to internalize both present and future information of the economy.…”

Section: Brazilian Macroeconomics In the Credit Market Contextmentioning

confidence: 99%

Payroll Loans and Its Relationship With the Aggregate Economic Activity (2004-2014)

Schuh

Coronel

Filho

2017

RAM, Rev. Adm. Mackenzie

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Este artigo pode ser copiado, distribuído, exibido, transmitido ou adaptado desde que citados, de forma clara e explícita, o nome da revista, a edição, o ano e as páginas nas quais o artigo foi publicado originalmente, mas sem sugerir que a RAM endosse a reutilização do artigo. Esse termo de licenciamento deve ser explicitado para os casos de reutilização ou distribuição para terceiros. Não é permitido o uso para fins comerciais. Originality/gap/relevance/implications: Payroll loans are very representative in the Brazilian credit market, and the discussion on this topic is very extensive, because it is directly linked to the economic growth of a country. However, there is a gap in the literature on this subject, since most studies stress behavioral finances, or the legal aspects of contracts, and also because this type of credit is recent in the Brazilian economy. Key methodological aspects: This is quantitative approach performed through the estimation of the Vector Error Correction Model (VECM), which enabled the computation of impulse-response functions, the variance decomposition and the Granger causality test. PAYROLL LOANS AND ITS1678-6971 (electronic version) • http://dx.doi.org/10.1590/1678-69712017/administracao.v18n1p148-173. Submission: Jan. 20, 2016. Acceptance: Oct. 23, 2016. Evaluation system: double blind review. UNIVERSIDADE PRESBITERIANA MACKENZIE. Silvio Popadiuk (Editor), João Paulo Torre Vieito (Associate Editor), p. 148-173. Summary of key results:The results indicate that the granting of payroll loans causes an increase on macroeconomic aggregates in the short term, but over longer periods of time this increase tends to be eliminated. Key considerations/conclusions: The granting of payroll loans influences the behavior of the economic activity. However, despite the fact that its concession provides leverage in the short term, this growth is not sustainable in the long-term. In this scenario, there is exponential growth in household consumption over the past decade; however, the industry productivity and the investments did not follow this evolution. It is inferred from this that the current growth model generates expansion, but its effects are limited.

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Section: Brazilian Macroeconomics In the Credit Market Contextmentioning

confidence: 99%

Payroll Loans and Its Relationship With the Aggregate Economic Activity (2004-2014)

Schuh

Coronel

Filho

2017

RAM, Rev. Adm. Mackenzie

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“…15 To guarantee the robustness of the results, an alternative measure for measuring the output gap was also used. Following the work of Cusinato, Minella and Júnior (2010) on measures of the output gap in Brazil, it was decided to use the quadratic trend extraction method. The results obtained are similar to those shown in tables 16 and 17, which use the output gap estimated with the Hodrick-Prescott filter.…”

Section: Fiscal Dominance: Empirical Tests Based On the Leeper Modelmentioning

confidence: 99%

Brazil: An Empirical Study on Fiscal Policy Transmission

Moreira

2012

SSRN Journal

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Is Inflation Persistence Over?

Oliveira¹,

Petrassi²

2014

Rev. Bras. Econ.

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We analyze inflation persistence in several industrial and emerging countries in the recent past by implementing unit root tests in the presence of unknown structural breaks and by estimating reduced-form models of inflation dynamics. We select a very representative group of 23 industrial and 17 emerging economies. Our sample period is comprised of quarterly data and differs for each country. Our results indicate that inflation persistence is decreasing over time for the great majority of industrial economies. Many emerging economies, however, show increasing persistence and even a few have highly persistent inflationary processes. We also observe structural breaks in all inflation processes we study with the exception of the inflation processes of Germany and Austria. Our results are robust to different reduced forms of the inflation processes and different econometric techniques. Analisamos a persistência da inflação em vários países industriais e emergentes no passado recente, por meio da implementação de testes de raiz unitária na presença de quebras estruturais desconhecidas e por

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Produção industrial no Brasil: uma análise de dados em tempo real

Cited by 4 publications

References 7 publications

Payroll Loans and Its Relationship With the Aggregate Economic Activity (2004-2014)

Payroll Loans and Its Relationship With the Aggregate Economic Activity (2004-2014)

Brazil: An Empirical Study on Fiscal Policy Transmission

Is Inflation Persistence Over?

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