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| Author(s): |
Marcel Zimmermann Aranha
Total Authors: 1
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| Document type: | Master's Dissertation |
| Press: | São Paulo. |
| Institution: | Universidade de São Paulo (USP). Faculdade de Economia, Administração e Contabilidade (FEA/SBD) |
| Defense date: | 2012-11-14 |
| Examining board members: |
Marcio Issao Nakane;
Sílvio Michael de Azevedo Costa;
Fabio Kanczuk
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| Advisor: | Marcio Issao Nakane |
| Abstract | |
This study tries to evaluates the importance of financial frictions for the Brazilian economy through the estimation of a Dynamic and Stochastic General Equilibrium model which incorporates a banking and credit sectors. We study the influence of different structural shocks on several variables of the Brazilian economy, as well as the role of the banking sector in the business cycles. In this regard, we conclude that the reduction of financial frictions for loans to the entrepreneurs would have a positive impact on investment, consumption and output of the Brazilian economy. And if, in one hand, financial frictions allow the maintenance of higher banking spreads, increasing banks\' profits, on the other hand, it helps in the contention of inflation when the Brazilian economy respond to different shocks. (AU) | |
| FAPESP's process: | 10/14464-0 - A DSGE Model with Financial Frictions applied for Brazil |
| Grantee: | Marcel Zimmermann Aranha |
| Support Opportunities: | Scholarships in Brazil - Master |