O setor bancário no Brasil é caracterizado pela forte presença de bancos públicos e pela concentração de bancos privados. Nós incorporamos esses dois aspectos em um modelo DSGE com o objetivo de capturar o efeito de crédito ...

The biggest challenge of the instrumental variable model is finding a valid instrument, one that satisfies the assumptions of relevance and, especially, exogeneity. To impose a less restrictive assumption, some estimators ...

We develop a continuous-time Lagos-Wright model to study private and decentralised money production with a time-consuming mining technology and with a diffusion process for this technology. There exists a unique equilibrium ...

Este artigo explora o componente exógeno do crescente relacionamento comercial entre Brasil e China como um choque econômico na política brasileira entre 1998 e 2016. Usando dados do censo populacional para o Brasil, ...

In this thesis, we investigate the effect of attending a selective master institution in Economics in terms of Ph.D. placement. To do that, we use data from the ANPEC exam, which master programs use to select their students. ...

This dissertation examines how revenue shocks in Brazilian municipalities affect the mental health of their population. We exploit a plausible exogeneity regarding oil royalties distribution to establish a causal relationship ...

The real equilibrium interest rate (r*) is a fundamental concept for monetary policy in inflation targeting economies, since it is the real interest rate consistent with constant inflation, absent any shocks. This study ...

O modelo de oferta de trabalho de ciclo-da-vida prediz que choques de renda transitórios deveriam ter um efeito negligível na provisão de trabalho. Essa predição foi desafiada por uma série de artigos mostrando que ...

This paper analyzes the causal impact of electoral competition on political selection, campaign funds, and performance in office. We use, for investigation, the 2012 Brazilian mayoral elections. To overcome potential ...

Politically connected individuals obtain favors in the form of public jobs and public credit, but do they also receive preferential treatment when it comes to environmental regulation? Also, what are the effects of electing ...