Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91073
Authors: 
Mendonça, Mário Jorge
Sachsida, Adolfo
Year of Publication: 
2012
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1762
Abstract (Translated): 
This article verifies the occurrence of a real estate bubble in the Brazilian economy. Overall, our results suggest the existence of a bubble in the real estate sector of the economy. The Austrian School of economics provides a solid explanation to this phenomenon, which are reinforced by statistical techniques, suggesting the Federal government, with equivocate fiscal and monetary policy, as the main responsible for the creation of this problem.
Subjects: 
real estate bubble
Austrian School
VAR models
monetary policy
fiscal policy
JEL: 
E31
E52
E62
C32
Document Type: 
Working Paper

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