5 Referências Bibliográficas Areosa, W. D. (2004). Dinâmica da inflação no Brasil: o caso de uma pequena economia aberta. Dissertação de Mestrado, Departamento de Economia, PUC-Rio. Arellano, M. e Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, Vol. 58, No. 2. (Apr., 1991), pp. 277-297. Banco Central do Brasil. Ata do Copom. Diversos números. Disponíveis em PUC-Rio - Certificação Digital Nº 0420978/CA www.bcb.gov.br. Banco Central do Brasil. Notas econômico-financeiras para a imprensa. Diversos números. Disponíveis em www.bcb.gov.br. Banco Central do Brasil (2001). Notas metodológicas do Balanço de Pagamentos. Notas técnicas do Banco Central do Brasil n. 1. Banco Central do Brasil. Relatório de Inflação. Diversos números. Disponíveis em www.bcb.gov.br. Barro, R. J. e Gordon, D. B. (1983). Rules, discretion and reputation in a model of monetary policy. Journal of Monetary Economics, XII (Jul., 1983), pp. 101-121. Ben-David, D. (1993). Equalizing exchange: trade liberalization and income convergence. The Quarterly Journal of Economics, Vol. 108, No. 3. (Aug., 1993), pp. 653-679. 174 Benigno, P. (2006). Are valuation effects desirable from a global perspective? NBER, Working Paper n.12219. Bernanke, B. S. e Mihov, I. (1998). Measuring monetary policy. Quarterly Journal of Economics 113, pp. 862-892. Blanchard, O., Giavazzi, F. e Sa, F. (2005). International investors, the U.S. current account and the dollar. Brookings Papers on Economic Activities (1), pp. 149. Bogdanski, J., Tombini, A. A. e Werlang, S. R. C. (2000). Implementing Inflation PUC-Rio - Certificação Digital Nº 0420978/CA Targeting in Brazil. Banco Central do Brasil, Trabalho para Discussão n. 1. Boschen, J. F. e Mills, L. O. (1991). The effects of countercyclical monetary policy on money and interest rates: an evaluation of evidence from FOMC documents. Federal Reserve Bank of Philadelphia, Working Paper n. 91-20. Caballero, R. J. E Krishnamurthy, A. (2001). International and domestic collateral constraints in a model of emerging market crises. Journal of Monetary Economics, 48, pp. 513-548. Calderón, C., Loayza, N., Schmidt-Hebbel, K. (2005). Does openness imply greater exposure? Banco Mundial, Policy Research Working Paper n. 3733. Calderón, C., Schmidt-Hebbel, K. (2008). What drives inflation in the world? Banco Central de Chile, Working Paper n. 491. 175 Calvo, G. A., Izquierdo, A., Mejía, L. F. (2004). On the empirics of sudden stops: the relevante of balance-sheet effects. Inter-American Development Bank, Working Paper n. 509. Campbell, J. Y., Lo A. W. e MacKinlay, A. C. (1997). The Econometrics of Financial Markets. Princeton University Press. Campbell, J. Y. e Mankiw, N. G. (1989). Consumption, Income, and Interest Rates: Interpreting the Time Series Evidence in Blanchard O.-J. e Fisher, S. (eds.) NBER Macroeconomics Annual, Cambridge MA: MIT Press, pp. 185-244. PUC-Rio - Certificação Digital Nº 0420978/CA Cardarelli, R. e Konstantinou, P.T. (2007). International financial adjustment:evidence from the G6 countries. Manuscrito. Carneiro, D. D., Monteiro, A. M. D. e Wu, T. Y. H. (2002). Mecanismos nãolineares de repasse cambial para o IPCA. Departamento de Economia PUC-Rio, Trabalho para Discussão n. 462. Carneiro, D. D. e Wu, T. Y. H. (2001). Contas externas e política monetária. Departamento de Economia PUC-Rio, Trabalho para Discussão n. 442. Christiano, L. J., Eichenbaum, M. e Evans, C. L. (1999). Monetary policy shocks: what have we learned and to what end? In Taylor, J. B., Woodford, M. (eds). Handbook of Macroeconomics, volume 1A, North-Holland. Coelho, C. A., De Mello, J. M. P. e Garcia, M. G. P. (2008). Identifying bank lending reaction to monetary policy through data frequency. In: LACEA Annual Meeting 2008, Rio de Janeiro. 176 Corsetti, G. e Konstantinou, P.T. (2005). Current account theory and the dynamics of U.S. foreign liabilities. CEPR, Discussion Paper n. 4920. Dollar, D. (1992). Outward-oriented developing economies really do grow more rapidly: evidence from 95 LDCs, 1976-1985. Economic Development and Cultural Change, pp. 523-544. Edwards, S. (1998). Openness, productivity and growth: what do we really know? Economic Journal, 108, pp. 383-398. Eichengreen, B. (2006). Global imbalances: the new economy, the dark matter, PUC-Rio - Certificação Digital Nº 0420978/CA the savvy investor, and the standard analysis. Journal of Policy Modeling, volume 28, issue 6, 645-652. Enders, W. (1995). Applied econometric time series. John Wiley & Sons, Inc. Evans, R. W. (2007). Is openness inflationary? Imperfect competition and monetary market power. Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute, Working Paper No. 1. Fair, R. C. (1989). Does monetary policy matter? Narrative versus structural approaches. NBER, Working Paper n. 3045. Figueiredo, F. M. R. e Ferreira, T. P. (2002). Os preços administrados e a inflação no Brasil. Banco Central do Brasil, Trabalho para Discussão n. 59. Frankel, J. A. e Romer, D. (1999). Does trade cause growth? American Economic Review, 89, pp. 379-399. 177 Frankel, J. A., Schmukler, S. L. e Servén, L. (2002). Global transmission of interest rates: monetary independence and currency regime. NBER, Working Paper n. 8828. Friedman, M. (1953). The case for flexible exchange rates. Essays in Positive Economics, University of Chicago Press, Chicago, pp. 157-203. Friedman, M. e Schwartz, A. J. (1963). A monetary history of the United States, 1867-1960. Princeton University Press. Ghironi, F., Lee, J. e Rebucci, A. (2006). The valuation channel of external PUC-Rio - Certificação Digital Nº 0420978/CA adjustment. NBER, Working Paper n.12937. Goldfajn, I. e Werlang, S. R. C. (2000). The pass-through from depreciation to inflation: a panel study. Banco Central do Brasil, Trabalho para Discussão n. 5. Gourinchas, P.-O. e Rey, H. (2005a). International financial adjustment. NBER, Working Paper n.11155. Gourinchas, P.-O. e Rey, H. (2005b). From world banker to world venture capitalist: U.S. external adjustment and the exorbitant privilege. NBER, Working Paper n.11563. Gourinchas, P.-O. e Rey, H. (2007). International financial adjustment. Journal of Political Economy, 2007, volume 115, n.4. Grossman, G. M. e Helpman, E. (1992). Innovation and growth: technological competition in the global economy. Cambridge, MA:The MIT Press. 178 Hamilton, J. D. (1994). Time Series Analysis. Princeton University Press. Hausmann, R. e Sturzenegger(2006). Global imbalances or bad accounting? The missing dark matter in the wealth of nations. Center for International Development at Harvard University, Working Paper n. 124. IMF. Annual report on exchange arrangements and exchange restrictions (AREAER). Diversos números. Johansen, S. (1995). Likelihood-based inference in cointegrated vector autoregressive models. Oxford University Press. PUC-Rio - Certificação Digital Nº 0420978/CA Kydland, F. e Prescott, E. (1977). Rules rather than discretion: the inconsistency of optimal plans. Journal of Political Economy, LXXXV (Jun., 1977), pp. 473-492. Kraay, A. e Ventura, J. (2000). Current account in debtor and creditor countries. Quarterly Journal of Economics 115 (4), pp. 1137-1166. Lane, P. R. (1997). Inflation in open economies. Journal of International Economics, 42 (1997), 327-347. Lane, P.R. e Milesi-Ferretti, G.M. (2001). The external wealth of nations: measures of foreign assets and liabilities for industrial and developing countries. Journal of International Economics, 55, pp. 263—94. Lane, P.R. e Milesi-Ferretti, G.M. (2005). A global perspective on external positions. NBER, Working Paper n.11589. Leeper, E. M. (1997). Narrative and VAR approaches to monetary policy: common identification problems. Journal of Monetary Economics 40, pp. 641-657. 179 Leeper, E. M., Sims, C. A. e Zha, T. (1996). What does monetary policy do? Brookings Papers on Economic Activity, volume 2, pp. 1-63. Lettau, M. e Ludvigson, S. (2001). Consumption, aggregate wealth and expected stock returns. Journal of Finance, 109 (6), pp. 815-849. Lettau, M. e Ludvigson, S. (2004). Understanding trend and cycle in asset values. American Economic Review, 94, pp. 276-299. Levy-Yeyati, E. e Sturzenegger, F. (2001). Exchange rate regimes and economic PUC-Rio - Certificação Digital Nº 0420978/CA performance. IMF Staff Papers, 47, pp. 62-98. Levy-Yeyati, E. e Sturzenegger, F. (2005). Classifying exchange rate regimes: Deeds vc. words. European Economic Review, volume 49, issue 6, pp. 1603-1635. Lowenkron, A. (2006). Modelos de finanças aplicados à macroeconomia: três ensaios. Tese de doutorado. Departamento de Economia PUC-Rio, Rio de Janeiro. Minella, A. (2001). Monetary policy and inflation in Brazil (1975-2000): a VAR estimation. Banco Central do Brasil, Trabalho para Discussão n. 33. Minella, A., Freitas, P. S., Goldfajn, I. e Muinhos, M. K. (2003). Inflation Targeting in Brazil: constructing credibility under exchange rate volatility. Banco Central do Brasil, Trabalho para Discussão n. 77. Rodríguez, F. e Rodrik, D.(2001). Trade policy and economic growth: A skeptic’s guide to the cross-national evidence. In Ben S. Bernanke and Kenneth 180 Rogoff (eds). NBER Macroeconomics Annual 2000. National Bureau of Economic Research, Cambridge, MA. Rogoff, K. (1985). Can international monetary policy cooperation be counterproductive? Journal of International Economics, XVIII (May, 1985), pp. 199217. Romer, D. (1993). Openness and inflation: theory and evidence. The Quarterly Journal of Economics, vol. 108, No.4 (Nov., 1993), pp. 869-903. Romer, D. (1998). A new assessment of openness and inflation: reply. The PUC-Rio - Certificação Digital Nº 0420978/CA Quarterly Journal of Economics, Vol. 113, No. 2, (May, 1998), pp. 649-652 Romer, C. D. e Romer, D. H. (1989). Does monetary policy matter? A new test in the spirit of Friedman and Schwartz. NBER, Working Paper n. 2966. Romer, C. D. e Romer, D. H. (1994). Monetary policy matters. Journal of Monetary Economics 33, pp. 75-88. Romer, C. D., Romer, D. H. (1997). Identification and the narrative approach: a reply to Leeper. Journal of Monetary Economics 40, pp. 659-665. Romer, C. D. e Romer, D. H. (2004). A new measure of monetary shocks: derivation and implications. American Economic Review 94, pp. 1055-1084. Sachs, J. e Warner, A. (1995). Economic reform and the process of global integration. Brookings Papers on Economic Activity, 1995:1, pp. 1-118. 181 Schwartzman, F. F. (2006). Estimativa de curva de Phillips para o Brasil com preços desagregados. Economia Aplicada, volume 10, n. 1. Sims, C. A. (1992). Interpreting the macroeconomis time series facts: the effects of monetary policy. European Economic Review, volume 36, n. 5, pp. 975-1000. Shapiro, M. D. (1993). Federal Reserve policy: cause and effect. NBER, Working Paper n. 4342. Terra, C. T. (1998). Openness and inflation: a new assessment. The Quarterly PUC-Rio - Certificação Digital Nº 0420978/CA Journal of Economics, Vol. 113, No. 2, (May, 1998), pp. 641-648. Tille, C. (2003). The impact of exchange rate movements on U.S. foreign debt. Federal Reserve Bank of New York, Current Issues in Economics and Finance, volume 9, n. 1 (Jan. 2003). Tille, C. (2005). Financial integration and the wealth effect of exchange rate fluctuations. Federal Reserve Bank of New York, Staff Report n. 226. Wooldridge, J. M. (2002). Econometric analysis of cross section and panel data. The MIT Press, Cambridge, MA. Young, A. (1991). Learning by doing and the dynamic effects of international trade. NBER Working Paper Series, Working Paper No. 3577.