A Macroeconometric policy model for Brazil

Resumo

In this chapter a probabilistic 38 equation macroeconomic model is presented, estimated, and analyzed. The structure if the model is show in section 6.2. In this section we discuss the main properties of the model including the links between the financial and the real sectors. Then in section 6.3 the model’s identification and estimation problems are discussed, and a modified 2SLQ method of estimation using principal components is employed to estimate the behavioral equations. In this section we also present the 2SLQ estimate of the whole macro model. This model is quantitative characterization of the structure of the Brazilian economic system. The analysis of the statistical results of the 2SLQ estimates and the economic meaning of the coefficient estimates are presented in section 6.4. In this section was also compare the OLSQ and 2SLQ coefficient estimates of the behavior equations of the macroeconomic model.

Ficha do documento

Tipo

Estudo

Ano

2015

Instituição

Instituto de Pesquisa Econômica Aplicada (Ipea)

Fonte

Repositório do Ipea

Idioma

Inglês

Acesso

Acesso aberto

Identificador

oai:repositorio.ipea.gov.br:11058/4786

Licença

Licença Comum

Abrangência

Brasil

Palavras-chave

Modelo macroeconômicoEquações de comportamentoMétodo dos mínimos quadrados