%0 Journal Article
%T Stock Market Performance, the Exchange Rate, and the Brazilian Economy
%A Michael C. Budden
%A Robert F. Cope III
%A Yu Hsing
%A Susan M. L. Zee
%J Research in Applied Economics
%D 2010
%I 
%R 10.5296/rae.v2i2.510
%X Incorporating the goods market equilibrium, an interest-rate rule, and aggregate supply and applying a generalized least squares (GLS) method, this analysis finds a higher real stock price, real appreciation of the Brazilian ¡°real,¡± increased government deficit as a percent of GDP, increased U.S. output, or a lower real federal funds rate would raise Brazil¡¯s real GDP. Thus, maintaining a robust stock market or pursuing real appreciation would help stimulate the Brazilian economy. Brazil¡¯s real output will benefit from an economic recovery in the U.S. and monetary easing by the Federal Reserve Bank.
%U http://www.macrothink.org/journal/index.php/rae/article/view/510