رسالة جامعية
A study of the impacts of quantitative easing on the macroeconomics variables
| العنوان: | A study of the impacts of quantitative easing on the macroeconomics variables |
|---|---|
| المؤلفون: | Valente, João Paulo |
| مرشدي الرسالة: | Zilberman, Eduardo, Hartung, Gabriel Chequer, Escolas::EPGE, FGV, Berriel, Tiago Couto |
| المصدر: | Repositório Institucional do FGVFundação Getulio VargasFGV. |
| حالة النشر: | publishedVersion |
| سنة النشر: | 2013 |
| المجموعة: | IBICT Brazilian ETDs |
| Original Material: | VALENTE, João Paulo. A study of the impacts of quantitative easing on the macroeconomics variables. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2013. |
| مصطلحات موضوعية: | Zero-lower bound, Quantitative easing, Preferred-habitat, Economia, Política monetária, Taxas de juros |
| الوصف: | Submitted by João Valente (joaopaulovalente@hotmail.com) on 2013-09-21T14:35:40Z No. of bitstreams: 1 Tese_FINAL.pdf: 645576 bytes, checksum: 5dcd3933e691c9eb4d85777d7f20904f (MD5) Approved for entry into archive by Janete de Oliveira Feitosa (janete.feitosa@fgv.br) on 2013-09-27T13:44:20Z (GMT) No. of bitstreams: 1 Tese_FINAL.pdf: 645576 bytes, checksum: 5dcd3933e691c9eb4d85777d7f20904f (MD5) Approved for entry into archive by Marcia Bacha (marcia.bacha@fgv.br) on 2013-09-30T12:35:01Z (GMT) No. of bitstreams: 1 Tese_FINAL.pdf: 645576 bytes, checksum: 5dcd3933e691c9eb4d85777d7f20904f (MD5) Made available in DSpace on 2013-09-30T12:35:14Z (GMT). No. of bitstreams: 1 Tese_FINAL.pdf: 645576 bytes, checksum: 5dcd3933e691c9eb4d85777d7f20904f (MD5) Previous issue date: 2013-06-19 Neste trabalho, propusemos um modelo DSGE que busca responder algumas questões sobre políticas de afrouxamento monetário (Quantitative Easing - QE) recentemente implementadas em resposta à crise de 2008. Desenvolvemos um modelo DSGE com agentes heterogêneos e preferred-habitat nas compras de títulos do governo. Nosso modelo permite o estudo da otimalidade da compra de portfolio (em termos de duration dos títulos) para os bancos centrais quando estão implementando a política. Além disso, a estrutura heterogênea nos permite olhar para distribuição de renda provocada pelas compras de títulos. Nossos resultados preliminares evidenciam o efeito distributivo do QE. No entanto, nosso modelo expandido apresentou alguns problemas de estabilidade. In this paper, we proposed a DSGE model that seeks to answer some questions about the recent implemented Quantitative Easing (QE) programs. Our framework is a DSGE model with heterogeneous agents and preferred-habitat in purchases of government bonds. It allows the study of optimality purchasing portfolio (in terms of duration of the bonds) for central banks when they are implementing the policy. Furthermore, the heterogeneous structure allows us to look at income distribution caused by purchases of these securities. Our preliminary results show some distributive effect of QE. However, our expanded model showed some stability problems. |
| Original Identifier: | oai:bibliotecadigital.fgv.br:10438/11187 |
| نوع الوثيقة: | masterThesis |
| اللغة: | English |
| الإتاحة: | http://hdl.handle.net/10438/11187Test |
| حقوق: | info:eu-repo/semantics/openAccess |
| رقم الانضمام: | edsndl.IBICT.oai.bibliotecadigital.fgv.br.10438.11187 |
| قاعدة البيانات: | Networked Digital Library of Theses & Dissertations |
| الوصف غير متاح. |