Effects of monetary policy transmission mechanism on car sales in Brazil after the real plan

Q3 Engineering

Gestao e Producao Pub Date : 2020-01-01 DOI:10.1590/0104-530x3780-20

Thiago R. Fernandes, Fabiano Dantas

引用次数: 1

Abstract

Abstract The study aims to evaluate the effects of monetary policy transmission mechanism in car sales in Brazil, after the Real Plan. The representativeness of the auto industry in the Brazilian economy is significant. Therefore, to provide an analysis of the actions of monetary policies on car sales is essential to define schedules in the industry. Thus, the methodology been based on the use of Vector Auto Regressive (VAR) with a Vector Error Correction Model (VECM), supported by econometric tests. The results showed that there is a relationship of monetary policy actions in car sales in Brazil.

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货币政策传导机制对雷亚尔计划后巴西汽车销售的影响

摘要本研究旨在评估雷亚尔计划实施后货币政策传导机制对巴西汽车销售的影响。汽车工业在巴西经济中的代表性是显著的。因此，提供货币政策对汽车销售行为的分析对于确定行业时间表至关重要。因此，该方法是基于使用向量自动回归(VAR)和向量误差修正模型(VECM)，并由计量经济学检验支持。结果表明，货币政策行为与巴西汽车销售存在一定的关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Gestao e Producao Engineering-Industrial and Manufacturing Engineering

CiteScore

1.60

自引率

0.00%

发文量

审稿时长

44 weeks

期刊介绍： Gestão & Produção is a journal published four times a year year (March, June, September and December) by the Departamento de Engenharia de Produção (DEP) of Universidade Federal de São Carlos (UFSCar). The first issue of Gestão & Produção was published in April, 1994. Actually, G&P was result of experience of professors of DEP/UFSCar in editing, in the beginning, "Cadernos DEP" in the 1980s, followed by "Cadernos de Engenharia de Produção". The last three issues of "Cadernos de Engenharia de Produção" were a test previous to the launch of Gestão & Produção because most of the journal characteristics were already established, like regularity.