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| Format: | Artículo científico |
| Language: | en |
| Published: |
Associação Nacional de Pós-Graduação e Pesquisa em Administração
2008
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| Online Access: | https://www.redalyc.org/articulo.oa?id=84150404 |
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Table of Contents:
- How informative are interest rate survey-based forecasts' Mateus A. Feitosa Benjamin M. Tabak Administración y Contabilidad short survey based prediction term interest rate Interest rate forecasting This paper studies the information content of survey-based predictions for the Brazilian short-term interest rate. We perform vector autoregression analysis to test for the dynamic relationship between market expectations of interest rates and spot interest rates, and a single regression forecasting approach. Empirical results suggest that surveys may be useful in assessing market expectations (contain relevant information) and in building Central Bank credibility. Within an inflation targeting framework they are crucial in order to receive timely feedback on market sentiment regarding the conduct of monetary policy. 2008 artículo científico 1807-7692 https://www.redalyc.org/articulo.oa?id=84150404 en http://www.redalyc.org/revista.oa?id=841 BAR - Brazilian Administration Review application/pdf Associação Nacional de Pós-Graduação e Pesquisa em Administração BAR - Brazilian Administration Review (Brasil) Num.4 Vol.5