Series: IMF Working Papers
Author(s): Ivo Krznar , and Troy Matheson
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 January 2017
Keywords: Western Hemisphere, Econometric models, Public sector, Private sector, Financial risk, Brazil, Business cycles, Credit expansion, Procyclicality of financial system, Parameter estimation
This paper explores the nexus between the financial cycle and business cycle in Brazil. Cycles are estimated using a variety of commonly-used statistical methods and with a small, semistructural model of the Brazil...