Why Are Policy Real Interest Rates So High in Brazil? An Analysis of the Determinants of the Central Bank of Brazil’s Real Interest Rate
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DOI: 10.1080/08911916.2018.1497580
Abstract: This paper discusses the reasons for Brazil.s high policy real interest rates by considering two opposing views, the orthodox and heterodox approaches. While orthodox authors defend the position that bad domestic policies are the cause… read more here.
Keywords: real interest; policy real; rate; interest rates ... See more keywords