LEADER 04230oam 22010454 450 001 9910165036903321 005 20230809222735.0 010 $a1-4755-7252-2 010 $a1-4755-7259-X 035 $a(CKB)3710000001064740 035 $a(MiAaPQ)EBC4807079 035 $a(IMF)WPIEA2017012 035 $a(EXLCZ)993710000001064740 100 $a20020129d2017 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aFinancial and Business Cycles in Brazil /$fIvo Krznar, Troy Matheson 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2017. 215 $a1 online resource (29 pages) $ccolor illustrations, tables, graphs 225 1 $aIMF Working Papers 311 $a1-4755-7104-6 320 $aIncludes bibliographical references. 330 3 $aThis paper explores the nexus between the financial cycle and business cycle in Brazil. Cycles are estimated using a variety of commonly-used statistical methods and with a small, semistructural model of the Brazilian economy. An advantage of using the model-based approach is that financial and business cycles can be jointly estimated, allowing information from all key economic relationships to be used in a consistent way. The results show that Brazil is now in the downturn phase of the financial cycle. Moreover, the results underscore the importance of macro-financial linkages and highlight risks to the recovery going forward. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2017/012 606 $aBanks and Banking$2imf 606 $aMacroeconomics$2imf 606 $aMoney and Monetary Policy$2imf 606 $aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aFinancial Institutions and Services: General$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aBusiness Fluctuations$2imf 606 $aCycles$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aMonetary economics$2imf 606 $aEconomic growth$2imf 606 $aBanking$2imf 606 $aCredit$2imf 606 $aFinancial cycles$2imf 606 $aBusiness cycles$2imf 606 $aCredit cycles$2imf 606 $aState-owned banks$2imf 606 $aMoney$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aFinancial institutions$2imf 606 $aBanks and banking$2imf 607 $aBrazil$xEconomic conditions 607 $aBrazil$xEconomic policy 607 $aBrazil$2imf 615 7$aBanks and Banking 615 7$aMacroeconomics 615 7$aMoney and Monetary Policy 615 7$aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data) 615 7$aFinancial Markets and the Macroeconomy 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aFinancial Institutions and Services: General 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aBusiness Fluctuations 615 7$aCycles 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aMonetary economics 615 7$aEconomic growth 615 7$aBanking 615 7$aCredit 615 7$aFinancial cycles 615 7$aBusiness cycles 615 7$aCredit cycles 615 7$aState-owned banks 615 7$aMoney 615 7$aFinancial sector policy and analysis 615 7$aFinancial institutions 615 7$aBanks and banking 676 $a330.981063 700 $aKrznar$b Ivo$01376435 701 $aMatheson$b Troy$01450443 801 0$bDcWaIMF 906 $aBOOK 912 $a9910165036903321 996 $aFinancial and Business Cycles in Brazil$93649675 997 $aUNINA