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Brazil's External AdjustmentEustáquio José ReisIPEA - Institute of Applied Economic Research Alexandre Samy de CastroIPEA - Institute of Applied Economic Research Marco A. F. H. CavalcantiInstitute of Applied Economic Research (IPEA) José Luiz Rossi JúniorInstitute of Applied Economic Research (IPEA) - Directory of Macroeconomic Policy & Studies (DIMAC) Emerson Rildo de AraujoInstitute of Applied Economic Research (IPEA) April 1999 IPEA Working Paper No. 640 Abstract: In this paper we present projections for Brazil's balance of payments in 1999 under alternative scenarios for GDP growth and foreign capital inflows. Our main objective is to estimate the real exchange rate devaluation required for the country's external adjustment. Our simulations are based on the Quarterly Model of the Balance of Payments developed by the Department of Macroeconomics at IPEA.
Note: Downloadable document is in Spanish. Number of Pages in PDF File: 41 JEL Classification: C5, E0 working papers seriesDate posted: February 9, 2000Suggested CitationContact Information
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