This article shows that international spillovers or coordination in central bank interest rate setting are significant components of the Brazilian Taylor rule. For this. the short-term interest rate comovements of 28 countries and Euribor were estimated through a dynamic factor model. A nonlinear reaction function for the Central Bank of Brazil that includes global and regional factor... https://www.pomyslnaszycie.com/western-321-cyl-reg-adaptor-cga-200-to-cga-510-online-sale/