Papers by Gilberto Libanio
… for Development and Change Campos Do …, Jan 1, 2006
Cambridge Journal of Economics, Jan 1, 2009
Nova Economia, Jan 1, 2005
The theme of unit roots in macroeconomic time series has received a great amount of theoretical a... more The theme of unit roots in macroeconomic time series has received a great amount of theoretical and applied research in the last two decades. This paper presents some of the main issues regarding unit root tests, explores some of the implications for macroeconomic theory and policy, and reviews the recent evidence on the presence of unit roots in GDP series for Latin American countries. We conclude that a consensual view on many of the aspects involved has not emerged from this literature.
Textos para Discussão Cedeplar-UFMG, Jan 1, 2004
... Author Info. Gilberto A. Libanio () Additional information is available for the following reg... more ... Author Info. Gilberto A. Libanio () Additional information is available for the following registered author(s): Gilberto Libanio. Abstract. This paper discusses central banking and the operation of monetary policy from a post-Keynesian perspective. ...
monetary policy and the negative real effects of …
Textos para Discussão Cedeplar-UFMG, Jan 1, 2003
Textos para Discussão Cedeplar-UFMG, Jan 1, 2005
Revista de Economia Política, Jan 1, 2010
This paper analyzes the relation between monetary policy and economic performance in Brazil durin... more This paper analyzes the relation between monetary policy and economic performance in Brazil during the period 1999-2006. In particular, it discusses the growth effects of the inflation targeting regime through its effects on aggregate demand. It is argued that monetary policy under IT reacts in a procyclical and asymmetric way to fluctuations in economic activity (too "tight" during recessions, not so "loose" during expansions). Such pattern may generate a downward bias in aggregate demand, with negative real effects on output growth and employment. Our results suggest that monetary policy has been procyclical and asymmetrical in Brazil under inflation targeting. The main economic policy implication of this study is that central banks should consider more seriously the real effects of monetary policy on output and employment.
Money, financial instability and stabilization policy, Jan 1, 2006
Page 136. 7. Unit roots in macroeconomic time series and stabilization policies: a Post Keynesian... more Page 136. 7. Unit roots in macroeconomic time series and stabilization policies: a Post Keynesian interpretation Gilberto A. Libanio INTRODUCTION The question of whether or not macroeconomic time series present a unit root ...
BOOK REVIEWS. Productivity Growth and Economic Performance: Essays on Verdoorn's Law. Gi... more BOOK REVIEWS. Productivity Growth and Economic Performance: Essays on Verdoorn's Law. Gilberto Libanio 1. Copyright 2005 Royal Economic Society. ABSTRACT. No Abstract. DIGITAL OBJECT IDENTIFIER (DOI). 10.1111/j.0013-0133.2005.976_3.x About DOI.
The Economic Journal, Jan 1, 2006
Textos para Discuss o Cedeplar-UFMG, Jan 1, 2004
... Author Info. Gilberto A. Libanio () Additional information is available for the following reg... more ... Author Info. Gilberto A. Libanio () Additional information is available for the following registered author(s): Gilberto Libanio. Abstract. The theme of unit roots in macroeconomic time series has received a great amount of theoretical and applied research in the last two decades. ...
The Economic Journal
Productivity Growth and Economic Performance: Essays on Verdoorn's Law. Edited by MCCOMBIE (... more Productivity Growth and Economic Performance: Essays on Verdoorn's Law. Edited by MCCOMBIE (JOHN), PUGNO (MAURIZIO) and SORO (BRUNO). (Basingstoke and London: Palgrave, 2002*. Pp. xi+281. ?52.50 hardback. ISBN 0 333 96877 8.) The term Verdoorn's Law ...
SEMINÁRIO SOBRE A ECONOMIA MINEIRA
XXXVI Encontro Nacional de Economia, Jan 1, 2008
Revista de Economia Política, Jan 1, 1997
Textos para Discussão Cedeplar- …, Jan 1, 2009
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Papers by Gilberto Libanio