01692cas a2200253 a 4500 AALejournalIMF017374 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475571042 1018-5941 BD-DhAAL BD-DhAAL Krznar, Ivo. Financial and Business Cycles in Brazil / Ivo Krznar, Troy Matheson. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 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. Mode of access: Internet Matheson, Troy. IMF Working Papers; Working Paper ; No. 2017/012 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/012/001.2017.issue-012-en.xml IMF e-Library