Now showing items 1-20 of 28

    • Bailey's measure of the welfare costs of inflation as a general-equilibrium measure 

      Cysne, Rubens Penha (2017)
      Lucas (2000) has shown that Bailey’s formula for the welfare costs of inflation can be regarded as an approximation to the general-equilibrium measures that emerge from the Sidrauski and the shopping-time models. In this ...
    • Climate change policy in Brazil and Mexico: results from the MIT EPPA model 

      Octaviano, Claudia; Paltsev, Sergey; Gurgel, Ângelo Costa (Elsevier Science Bv, 2016-05)
      Based on an in-depth analysis of results from the MIT Economic Projection and Policy Analysis (EPPA) model of climate policies for Brazil and Mexico, we demonstrate that commitments by Mexico and Brazil for 2020 made during ...
    • A competição entre o etanol de segunda geração e a produção de eletricidade pelo uso do bagaço 

      Maluf, Gabriel (2014-02-10)
      Brazil has excellent conditions for the development of bioenergy. Programs such as the ethanol attracts the world's attention by presenting an economical and ecological alternative to replace fossil fuels. New technologies ...
    • The costs and benefits of leaving the EU: trade effects 

      Dhingra, Swati; Huang, Hanwei; Ottaviano, Gianmarco; Pessoa, João Paulo; Sampson, Thomas; Van Reenen, John (Oxford Univ Press, 2017-10)
      Sampson and John Van Reenen?> This paper estimates the welfare effects of Brexit in the medium to long run, focusing on trade and fiscal transfers. We use a standard quantitative general equilibrium trade model with many ...
    • The costs and benefits of leaving the EU: trade effects 

      Dhingra, Swati; Huang, Hanwei; Ottaviano, Gianmarco; Pessoa, João Paulo (2017)
      This paper estimates the welfare effects of Brexit, focusing on trade and fiscal transfers. We use a standard quantitative general equilibrium trade model with many countries and sectors and trade in intermediates, as in ...
    • Costs of reducing GHG emissions in Brazil 

      Gurgel, Ângelo Costa; Paltsev, Sergey (Taylor & Francis Ltd, 2014-03-04)
      During the 2009 Conference of the Parties meeting in Copenhagen, the Brazilian government announced voluntary targets to reduce GHG emissions, with the targets being reconfirmed in Cancun (2010) and in Durban (2011). An ...
    • Endogenous borrowing constraints and default when markets are incomplete 

      Braido, Luís H. B. (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2001-09-17)
      Incomplete markets and non-default borrowing constraints increase the volatility of pricing kernels and are helpful when addressing assetpricing puzzles. However, ruling out default when markets are in complete is suboptimal. ...
    • Ergodic Markov equilibrium with incomplete markets and short sales 

      Braido, Luís H. B. (2013)
      This paper studies recursive exchange economies with short sales. Agents maximize discounted expected utility. The asset structure is general and includes real securities, infinite-lived stocks, options, and other derivatives. ...
    • Essays on Education and Labor Economics 

      Brotherhood, Luiz Mário Martins (2018)
      Esta tese contém três artigos que investigam problemas relacionados à Economia do Trabalho, Desenvolvimento Econômico e Economia da Educação.
    • Essays on health care reform, wealth inequality, and demography 

      Gomes, Diego Braz Pereira (2016-01-13)
      This thesis contains three chapters. The first chapter uses a general equilibrium framework to simulate and compare the long run effects of the Patient Protection and Affordable Care Act (PPACA) and of health care costs ...
    • Existence of an equilibrium for infinite horizon economies with and without complete information 

      Raad, Rodrigo Jardim (Elsevier Science Sa, 2012-08)
      This work proves the existence of an equilibrium for an infinite horizon economy where trade takes place sequentially over time. There exist two types of agents: the first correctly anticipates all future contingent ...
    • Financial markets with endogenous transaction costs 

      Martins-da-Rocha, Victor Filipe; Vailakis, Yiannis (Springer, 2010-10)
      The paper proposes an alternative general equilibrium formulation of financial asset economies with transaction costs. Transaction costs emerge endogenously at equilibrium and reflect agents' decisions of intermediating ...
    • General equilibrium with endogenous securities and moral hazard 

      Braido, Luís H. B. (Springer, 2005-07)
      This paper studies a class of general equilibrium economies in which the individuals' endowments depend on privately observed effort choices and the financial markets are endogenous. The environment is modeled as a two-stage ...
    • General equilibrium, preferences and financial institutions after the crisis 

      Araújo, Aloísio Pessoa de (Springer, 2015-02)
      The study is a review of some recent papers in general equilibrium that can be viewed as efforts to better understand the recent financial crisis. We begin by proposing a new set of preferences inspired by the new decision ...
    • General equilibrium, wariness and efficient bubbles 

      Araújo, Aloísio Pessoa de; Novinski, Rodrigo; Pascoa, Mario Rui (Academic Press Inc Elsevier Science, 2011-05)
      Wary consumers overlook gains but not losses in remote sets of dates or states. As preferences are upper but not lower Mackey semi-continuous, Bewley's (1972) [4] result on existence of equilibrium whose prices are not ...
    • Health Care Reform or More Affordable Health Care? 

      Ferreira, Pedro Cavalcanti; Gomes, Diego Braz Pereira (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2016-06-17)
      This article investigates the impact on the U.S. economy of making health care more affordable. We compare health care cost reductions with the Patient Protection and Affordable Care Act (PPACA) using a rich life cycle ...
    • Os impactos da utilização da biomassa florestal para a geração de energia elétrica no Brasil 

      Alves, Gabriel Luis da Costa (2018-02-07)
      Diversos benefícios podem ser constatados através do aproveitamento energético da biomassa florestal, principalmente atrelados ao fato de ser uma fonte de energia renovável. Porém, essa energia, assim como outras fontes ...
    • Impactos das mudanças climáticas na produção de açúcar e seus efeitos sobre a economia do Brasil 

      Andrade, Felipe de Souza (2016-02-15)
      As mudanças climáticas irão impactar as produções agrícolas de maneiras distintas em cada região do mundo. Os impactos sobre culturas açucareiras (cana-de-açúcar e beterraba açucareira) provocarão mudanças na oferta de ...
    • Inadimplência de dívida soberana em modelo de equilíbrio geral com credores heterogêneos 

      Souza, Tiago Carvalho Machado de (2012-09-19)
      This paper provides a general equilibrium model of sovereign default with agents' heterogeneity, but without banking or foreign sectors. The heterogeneity is due to different kinds of consumers in the economy with distinct ...
    • Inconsequential arbitrage 

      Page Junior, Frank H.; Wooders, Myrna H.; Monteiro, P. K. (Elsevier Science Sa, 2000-12)
      We introduce the concept of inconsequential arbitrage and, in the context of a model allowing short-sales and half-lines in indifference surfaces, prove that inconsequential arbitrage is sufficient for existence of ...