The effects of subsidized loans on the macroprudential and monetary policies

• Grant number: 13/19468-2
• Support Opportunities: Scholarships in Brazil - Master
• Start date: December 01, 2013
• End date: February 28, 2015
• Field of knowledge: Applied Social Sciences - Economics - Fiscal and Monetary Policies
• Principal Investigator: Márcio Issao Nakane
• Grantee: Matheus Rocha Rosignoli
• Host Institution: Faculdade de Economia, Administração e Contabilidade (FEA). Universidade de São Paulo (USP). São Paulo , SP, Brazil

Abstract

This paper aims to analyze the effects of inclusion of subsidized loans on the response of the macroprudential and monetary policy in smoothing shocks that hit the economy. The study will be introduced through a dynamic stochastic general equilibrium (DSGE) model with imperfections in the credit market and a stylized banking sector that allows this credit facility with restricted volume and low interest rates.

Academic Publications

(References retrieved automatically from State of São Paulo Research Institutions)

ROSIGNOLI, Matheus Rocha. The effects of earmarked credit on the smoothing of financial shocks and on the decisions of monetary and macroprudential policies. 2015. Master's Dissertation - Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade (FEA/SBD) São Paulo.