Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91334
Authors: 
Mendonça, Mario Jorge
Medrano, Luis Alberto
Sachsida, Adolfo
Year of Publication: 
2011
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1631
Abstract (Translated): 
This article investigates the effects of monetary policy shock in the Brazilian real state market using structural VAR through the period June/2000 to August/2010. The identification is done following the agnostic procedure suggested by Uhlig (2005). The mains results are: The stock of credit to finance housing points out a drop of 2% immediately after and the industrial output of civil construction decreases strongly after this contractionary shock.
JEL: 
E51
E52
Document Type: 
Working Paper

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