TRABALHOS DE FIM DE CURSO @PUC-Rio
| Título: | THE COVID-19 PANDEMIC S EFFECT ON THE BRAZILIAN NATURAL INTEREST RATE | ||||||||||||
| Autor(es): |
BEATRIZ LEAO BRAGA NOGUEIRA |
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| Colaborador(es): |
MARCIO GOMES PINTO GARCIA - Orientador FRANCISCO EDUARDO DE LUNA E ALMEIDA SANTOS - Coorientador |
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| Catalogação: | 07/ABR/2025 | Língua(s): | ENGLISH - UNITED STATES |
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| Tipo: | TEXT | Subtipo: | SENIOR PROJECT | ||||||||||
| Notas: |
[pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio. [en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio. |
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| Referência(s): |
[en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/TFCs/consultas/conteudo.php?strSecao=resultado&nrSeq=69846@2 |
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| DOI: | https://doi.org/10.17771/PUCRio.acad.69846 | ||||||||||||
| Resumo: | |||||||||||||
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The COVID-19 pandemic had an enormous impact on the economy of nations. One of its most visible and enduring effects was a rise on prices, through shocks on both supply and demand. However, due to the resilience of this episode of global inflation it is unclear whether there has been a change to the trajectory of natural interest rates across the globe. The aim of this thesis is to estimate the Brazilian natural rate during the COVID-19 pandemic and study possible drivers behind its trajectory. To that end, the Brazilian natural interest rate was estimated from 2003 to 2023, using the Laubach-Williams method. The results were slightly lower than those of most peers for the entire estimation period and indicate that the natural interest rate was higher in 2022 and 2023 than in pre-pandemic years.
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