Now showing items 1-4 of 4
Subadditive probabilities and portfolio inertia
(Sociedade Brasileira de Econometria, 1991-04-01)
We show that in the presence of uncertainty (in the sense of Knight), as axiomatized by Schmeidler (1982, 1984) and Gilboa (1987) (as opposed to the classical view of Savage (1954)) one may obtain portfolio inertia with ...
Rational expectations, income policies and game theory
(Sociedade Brasileira de Econometria, 1986-11-02)
Rational expectations are viewed as a Nash equilibrium of a game. If a change of regime occurs, it is argued that it is very unlikely that the economy is going to achieve the new equlibrium at once. In fact, one can show ...
Contratos salariais justapostos e política anti-inflacionária
(Sociedade Brasileira de Econometria, 1985-11-02)
The present paper analyses the problems of anti-inflationary policies facing overlapping wage contracts. It extends the pioneer conclusions of Stanley Fischer and John Taylor in late seventies, showing thatl with overlapping ...
(Sociedade Brasileira de Econometria, 1981-11-02)
A combinação da teoria aceleracionista da curva de Phillips com a hipótese de expectativas inflacionárias adaptativas, conseguiu decifrar um dos mais perturbadores enigmas da macroeconomia neoclássica: porque a prosperidade ...