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• W2029439837 abstract "This paper studies the Brazilian term structure of interest rates and characterizes how the term premia has changed over time. We employ a Kalman filter approach, which is extended to take into account regime switches and overlapping forecasts errors. Empirical evidence suggests that term premia depends on international global liquidity and domestic factors such as the composition of public debt and inflation volatility. These results provide guidance for the formulation of fiscal and monetary policies." @default.
• W2029439837 created "2016-06-24" @default.
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• W2029439837 date "2008-08-01" @default.
• W2029439837 modified "2023-09-27" @default.
• W2029439837 title "Characterizing the Brazilian Term Structure of Interest Rates" @default.
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