RSS 1.0FGV EESP - Textos para Discussão / Working Paper Series
FGV EESP - Textos para Discussão / Working Paper Series
Envios recentes
Itens para a visualização no momento 1-20 of 463
-
Health at Birth, short-run health effects and educational outcomes
(2018-08)This paper estimates the effects of birth weight on health and educational outcomes for Brazil using a twin fixed effect approach. The recent literature, mainly based on data from developed countries, has provided evidence ... -
Dynamic coordination with network externalites: procrastination can be efficient
(2018-08)I analyze a dynamic coordination model under quasi-hyperbolic discounting. The main result is that present bias can induce a society to coordinate efficiently. When considering a transition from network A to B, higher ... -
O Brasil na OCDE: membro pleno ou mero espectador?
(2018-05)Em maio de 2017 o Brasil apresentou pedido oficial de acessão à Organização para a Cooperação e Desenvolvimento Econômico – OCDE, organização internacional da qual tem participado ativamente como membro parceiro desde a ... -
Technical education, noncognitive skills and labor market outcomes: experimental evidence from Brazil
(2018-05)This paper describes the results from the evaluation of the Student Training Scholarship ('Bolsa Formação Estudante'), a public policy that offers scholarships to current and former high school students of the public ... -
Rentier-financier capitalism
(2018-05)Since the beginning of the twentieth century there are three basic social classes: the capitalist class or bourgeoisie, the working class and the professional class or technobureaucracy. In the first part of the century, ... -
Neutralizing the Dutch disease
(2018-05)This paper discusses the political economy involved in the required neutralization of the Dutch disease – a long-term overvaluation of a national currency originated in exports of commodities that generate Ricardian rents ... -
Reforma da previdência: sustentabilidade e justiça atuarial
(2018-05)O artigo analisa a proposta de reforma da previdência social feita pelo governo Temer. Investigamos a sustentabilidade financeira do sistema proposto e a sua justiça atuarial. Consideramos as regras contidas na proposta ... -
Portfolio pumping no mercado acionário brasileiro
(2018-03)Neste artigo, discutimos a prática de portfolio pumping para o caso brasileiro. Embora o tema seja frequente em outros países, são poucos os estudos que realizam essa análise para o Brasil. O estudo estatístico foi realizado ... -
On the robustness of the principal volatility components
(2018-03)In this paper, we analyse the recent principal volatility components analysis procedure. The procedure overcomes several diculties in modelling and forecasting the conditional covariance matrix in large dimensions arising ... -
Uncertainty times for portfolio selection at financial market
(2018-03)The financial market presents non-linearities for the behavior of stock returns for periods of high and low market. This article studies portfolios whose variance-covariance matrices are estimates using a multivariate model ... -
Mudança de regime e efeito ARCH em volatilidade: um estudo dos choques das cotações do Petróleo
(2018-03)O petróleo é uma importante commodity energética, sendo insumo em diferentes atividades, possuindo efeito direto ou indireto sobre vários setores na economia. Esta commodity tem preços instáveis, resultado de choques ... -
Asset allocation with Markovian regime switching: efficient frontier and tangent portfolio with regime switching
(2018-03)Asset allocation is important for diversifying risk and realizing gains in the financial market. It involves decisions taken under uncertainty based on statistical methods. Returns on financial assets generally present ... -
Effects of official and unofficial central bank communication on the Brazilian interest rate curve
(2018-03)In order to provide greater transparency in their opinions and decisions, central banks around the world use both their official channels and the specialized media to communicate with the general public. Using an unique ... -
The short-selling skill of institutions and individuals: a market-wide and out-of-sample analysis
(2018-02)Using market-wide data from the Brazilian stock lending market, we find strong evidence of short-selling skill for some institutions and individuals. Skilled short-sellers present out-of-sample performance persistence, ... -
Modeling how macroeconomic shocks a ect regional employment: analyzing the Brazilian formal labor market using the global VAR approach
(2018-02)Assessing linkages across different regions and how macroeconomic shocks spread out across regions is not an easy task. In this study we address this problem using a global vector autoregressive methodology that deals with ... -
Individuals neglect the informational role of prices: evidence from the stock market
(2018-02)We find that a stock price fall in itself induces individual investors to buy the stock. That is, individuals neglect the negative information that may be attached to a stock price fall. Our identification strategy uses ... -
Tax evasion, testosterone and personality traits
(2018-02)High testosterone levels in men may inhibit tax evasion. From a laboratory experiment with 121 young men, we present suggestive evidence that putative markers of prenatal and pubertal testosterone exposure and some personality ... -
Optimal paternalistic health and human capital policies
(2018-02-16)We study optimal human and health linear policies when there is a paternalistic motive to overcome present bias problems of agents with heterogeneous cognitive skills. The paternalistic intervention rewards individuals for ... -
Secular stagnation in the framework of rentier-financier capitalism and globalization
(2017-10)Rentier-financier capitalism, neoliberalism and globalization have been in a crisis since 2008. It is characterized by low growth rates, quasi-stagnant wages and increase of inequality since rentiers replaced business ... -
The economics and the political economy of new-developmentalism
(2017-10)This paper resumes new developmentalism – a theoretical framework being defined since the early 2000s to understand middle-income countries. It contains a political economy, the beginning of a microeconomics and a ...
