Itens para a visualização no momento 1-20 of 786

    • Impossible inference in econometrics: theory and applications to regression discontinuity, bunching, and exogeneity tests 

      Bertanha, Marinho Angelo; Moreira, Marcelo J. (Escola de Pós-Graduação em Economia da FGV, 2017-10)
      This paper presents necessary and su cient conditions for tests to have trivial power. By inverting these impractical tests, we demonstrate that the bounded con dence regions have error probability equal to one. This theo- ...
    • Empirical analysis of scoring auctions for oil and gas leases 

      Sant'Anna, Marcelo Castello Branco (Escola de Pós-Graduação em Economia da FGV, 2017-10)
      I study a scoring auctions implemented in Brazil to sell oil exploration rights. Differently from most sales of this kind, bidders had to submit a multi-dimensional bid that included a bonus and an exploratory program. A ...
    • Likelihood inference and the role of initial conditions for the dynamic panel data model 

      Barbosa, José Diogo Valadares Moreira; Moreira, Marcelo J. (Escola de Pós-Graduação em Economia da FGV, 2017-10)
      Lancaster (2002) proposes an estimator for the dynamic panel data model with homoskedastic errors and zero initial conditions. In this paper, we show this estimator is invariant to orthogonal transformations, but is ine ...
    • Capital budgeting and risk taking under credit constraints 

      Iachan, Felipe Saraiva (Escola de Pós-Graduação em Economia da FGV, 2017-10)
      Credit constraints generate a hedging motive that extends beyond purely financial decisions by also distorting the selection and operation of real investment projects. We study these distortions through a dynamic model in ...
    • Using common features to investigate common growth cycles for BRICS Countries 

      Delalibera, Bruno Ricardo; Issler, João Victor; Castello Branco, Roberto da Cunha (Escola de Pós-Graduação em Economia da FGV, 2017-05-30)
      Emerging market economies have historically shown high cyclical volatility when compared to developed economies. Common factor models have been largely used in economics as economic theory suggests that there strong linkages ...
    • Múltiplos contratos: o caso do sistema de amortizações constantes 

      Faro, Clovis de (Escola de Pós-Graduação em Economia da FGV, 2017-05-04)
      Já conhecido séculos antes (cf. Vieira Sobrinho (2012)) da publicação da celebrada obra de Richard Price (1771), o sistema de amortização de dívidas por meio de prestações constantes, tem sido, universalmente, o mais ...
    • Education quality and returns to schooling: evidence from migrants in Brazil 

      Brotherhood, Luiz Mário; Ferreira, Pedro Cavalcanti; Santos, Cézar Augusto Ramos (Escola de Pós-Graduação em Economia da FGV, 2017-02-08)
      We provide a new education quality index for states within a developing country using 2010 Brazilian data. This measure is constructed based on the notion that the financial returns obtained from an additional year of ...
    • Múltiplos contratos: o caso do sistema americano 

      Faro, Clovis de (Escola de Pós-Graduação em Economia da FGV, 2017)
      A adoção do sistema de múltiplos contratos (SMC), tal como originalmente formulado por De-Losso, Giovannetti e Rangel (2013), que focaram atenção em contratos de financiamento com prestações constantes (Tabela Price – TP), ...
    • Taxation of couples: a mirrleesian approach for non-unitary households 

      Costa, Carlos Eugênio da; Lima, Lucas Alves Estevam de (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2016-07-02)
      Optimal tax theory in the Mirrlees’ (1971) tradition implicitly relies on the assumption that all agents are single or that couples may be treated as individuals, despite accumulating evidence against this view of household ...
    • Economic growth and complementarity between stages of human capital 

      Ferreira, Pedro Cavalcanti; Delalibera, Bruno Ricardo (Fundação Getúlio Vargas. Escola de Pós-Graduação em Economia., 2016-06-29)
      We study the impact of the different stages of human capital accumulation on the evolution of labor productivity in a model calibrated to the U.S. from 1961 to 2008. We add early childhood education to a standard continuous ...
    • 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 ...
    • A critical value function approach, with an application to persistent time-series 

      Moreira, Marcelo J.; Mourão, Rafael; Moreira, Humberto Ataíde (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2016-06-06)
      Researchers often rely on the t-statistic to make inference on parameters in statistical models. It is common practice to obtain critical values by simulation techniques. This paper proposes a novel numerical method to ...
    • Fracking, China and the Global Economy 

      Ferreira, Pedro Cavalcanti; Trejos, Alberto (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2016-05-04)
      We develop an intertemporal model of the international economy, where tradeable intermediate goods are produced with capital, labor and hydrocarbons, and used in the production of non-tradeable consumption and investment ...
    • Inattention in Individual Expectations 

      Cordeiro, Yara de Almeida Campos; Gaglianone, Wagner Piazza; Issler, João Victor (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2016)
      This paper investigates the expectations formation process of economic agents about infl ation rate. Using the Market Expectations System of Central Bank of Brazil, we perceive that agents do not update their forecasts ...
    • Optimal Mirrleesian taxation in non-competitive labor markets 

      Costa, Carlos Eugênio da; Maestri, Lucas Jóver (Escola de Pós-Graduação em Economia da FGV, 2015-12)
      We study optimal labor income taxation in non-competitive labor markets. Firms offer screening contracts to workers who have private information about their productivity. A planner endowed with a Paretian social welfare ...
    • Estimating Brazilian monthly GDP: a state-space approach 

      Issler, João Victor; Notini, Hilton Hostalácio (Escola de Pós-Graduação em Economia da FGV, 2015-11-30)
      The first contribution of this paper is to employ a superior interpolation method that enables to estimate, nowcast and forecast monthly Brazilian GDP for 1980-2012 in an integrated way; see Bernanke, Gertler and Watson ...
    • O novo federalismo social e o Rio: desenho de programas complementares de transferência de renda condicionada 

      Neri, Marcelo Cortes (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-11-10)
      Brazilian public policy entered in the so-called new social federalism through its conditional cash transfers. States and municipalities can operate together through the nationwide platform of the Bolsa Familia Program ...
    • Os efeitos macroeconômicos das transferências sociais: uma abordagem de matriz de contabilidade social 

      Neri, Marcelo Cortes; Vaz, Fábio Monteiro; Souza, Pedro Herculano Guimarães Ferreira de (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-11-10)
      Government transfers to individuals and families play a central role in the Brazilian social protection system, accounting for almost 14 per cent of GDP in 2009. While their fiscal and redistributive impacts have been ...
    • Impactos de Incentivos Financeiros sobre o Desempenho Escolar: Evidências do Programa Cartão Família Carioca 

      Oliveira, Rafael Garcia Borges de; Neri, Marcelo Cortes (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-11-10)
      This study evaluates the program Cartão Família Carioca (CFC) conducted in the municipality of Rio de Janeiro, Brazil. Through the use of administrative data, we estimate the impact of financial incentives introduced by ...
    • Microinsurance: income risk, social security and the demand for private onsurance by low-income families 

      Neri, Marcelo Cortes (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-11-10)
      Insurance provision against uncertainties is present in several dimensions of peoples´s lives, such as the provisions related to, inter alia, unemployment, diseases, accidents, robbery and death. Microinsurance improves ...