Browsing by Author "Araújo, Aloísio Pessoa de"
Now showing items 1-20 of 126
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Ambiguity aversion in the long run: "to disagree, we must also agree"
2016-09We consider an economy populated by smooth ambiguity-averse agents with complete markets of securities contingent to economic scenarios, where bankruptcy is permitted but there is a penalty for it. We show that if agents' ... -
Araújo defende "flexibilidade moderada" na reforma tributária
2019-12-01Assessor especial de Paulo Guedes teme risco de o projeto ter rejeição inicial no Congresso. -
Araújo propõe reforma na Lei de Falências
2015-04-23 -
Bancruptcy in a model of unsecured claims
2002-10We study a two periods model of incomplete markets with nominal assets unsecured by collateral, where agents can go bankrupt but there are no bankruptcy penalties entering directly in the utility function. We address two ... -
Bandas de cambio : teoria, evidencia empirica e sua possivel aplicação no Brasil
1994-04Este relatório visa o estudo de bandas de câmbio em seus diferentes aspectos. Na primeira parte está apresentada uma versão simplificada, não matemática, da teoria das bandas de câmbio e de suas experiências nos diversos ... -
Bargained haircuts and debt policy implications
2017-12We extend the Cole and Kehoe model (J Int Econ 41:309-330, 1996) by adding a Rubinstein bargaining game between creditors and debtor country to determine the share of debt repayment in a sovereign debt crisis. Ex-post, the ... -
Boas e más ideias na proposta do PMDB
2016-01-15 -
The Brazilian bankruptcy law experience
2012-09In early 2005, the Brazilian Congress approved a new bankruptcy law. The new legislation increased creditor protection and improved the efficiency of the bankruptcy system. This paper evaluates the empirical consequences ... -
Bubbles, collateral and monetary equilibrium
2006-04-01Consider an economy where infinite-lived agents trade assets collateralized by durable goods. We obtain results that rule out bubbles when the additional endowments of durable goods are uniformly bounded away from zero, ... -
Collateral avoids Ponzi schemes in incomplete markets
2001-05-01Without introducing neither debt constraints nor transversality conditions to avoid the possibility of Ponzi schemes, we show existence of equilibrium in an incomplete markets economy with a collateral structure. -
Com a crise atual, não podemos recuar nos investimentos em educação, diz economista
2016-08-11Professor da FGV conta a importância da pesquisa econômica no combate às crises e defende a educação de base. -
Conventional and unconventional monetary policy with endogenous collateral constraints
2015-01We consider the effects of central bank purchases of a risky asset as an additional dimension of policy alongside 'conventional' interest rate policy in a general-equilibrium model of asset pricing with endogenous collateral ... -
Creches de qualidade reduzem desigualdades
2011-10-24
