Banca de DEFESA: Pedro Muller Metsavaht Salomao

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
STUDENT : Pedro Muller Metsavaht Salomao
DATE: 06/03/2025
TIME: 14:00
LOCAL: Vídeo Conferência
TITLE:

Does Heterogeneity Matter? An Assessment of the Transmission of Monetary Surprises à la Romer & Romer in Brazilian Municipalities

KEY WORDS:

Monetary policy, regional inequality, local projections.

PAGES: 58
BIG AREA: Ciências Sociais Aplicadas
AREA: Economia
SUMMARY:

The present study aims to measure, within the Brazilian context, the dynamics of regional macroeconomic adjustment following the identification of monetary shocks. Recent empirical literature, based on the results from Heterogeneous Agents New Keynesian (HANK) models and Monetary Union Keynesian models, indicates that unexpected monetary shocks have varying degrees of transmission to the real economy depending on the composition of household balance sheets, the level of indebtedness, income, and the composition of local production. Consequently, the symmetry between central monetary policy and its regional transmission will depend on the local economic structure. Building on this premise, the study seeks to validate findings from advanced economies within the Brazilian context, an emerging economy characterized by significant regional diversity.

COMMITTEE MEMBERS:
Interno - 1550794 - JOSE GUILHERME DE LARA RESENDE
Interno - 1229140 - ROBERTO DE GOES ELLERY JUNIOR
Externo à Instituição - TOMAS RODRIGUEZ MARTINEZ - INSPER
Presidente - 1549181 - VICTOR GOMES E SILVA