Now showing items 1-3 of 3
Using common features to investigate common growth cycles for BRICS Countries
(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 ...
Constructing coincident and leading indices of economic activity for the Brazilian economy
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2012-03-15)
This paper has three original contributions. The fi rst is the reconstruction effort of the series of employment and income to allow the creation of a new coincident index for the Brazilian economic activity. The second ...
The private memory of aggregate shocks
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2010-07-10)
We study constrained efficient aggregate risk sharing and its consequence for the behavior of macro-aggregates in a dynamic Mirrlees’s (1971) setting. Privately observed idiosyncratic productivity shocks are assumed to be ...