Now showing items 1-7 of 7

    • Capital budgeting and risk taking under credit constraints 

      Iachan, Felipe Saraiva
      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 ...
    • The choice channel of financial innovation 

      Iachan, Felipe Saraiva; Nenov, Plamen T.; Simsek, Alp
      2018-11-15
      Financial innovation in recent decades has expanded portfolio choice. We investigate how greater choice a¤ects investors.savings and asset returns. We establish a choice channel by which greater portfolio choice increases ...
    • Information quality and crises in regime-change games 

      Iachan, Felipe Saraiva; Nenov, Plamen T.
      2015
      When crises potentially originate from coordination failures, does a deterioration in the quality of the information available to market participants contribute towards instability? We address this question in a general ...
    • A nova literatura de finanças públicas dinâmicas 

      Iachan, Felipe Saraiva
      2007-08-08
      This dissertation is review of the most important results from the recent field of New Dynamic Public Finance, built on the introduction of dynamic incentive problem in taxation environment. We also contrast these results ...
    • Real Estate Market in Developing Countries: Slums and Housing Supply 

      Guedes, Ricardo Brito; Iachan, Felipe Saraiva; Sant'Anna, Marcelo
      2020-06
      We study real estate markets where squatting is tolerated by authorities and a dual (formal and informal) housing market emerge. We develop a housing supply model in which geographical constraints and squatting play distinct ...
    • Real Estate Market in Developing Countries: Slums and Housing Supply: Relatório de Divulgação 

      Guedes, Ricardo Brito; Iachan, Felipe Saraiva; Sant'Anna, Marcelo
      2020-06
      As despesas com aluguel representam uma parcela média de mais de 15 % do consumo total das famílias no Brasil, sendo que essa razão ultrapassa os 20% para famílias com renda inferior a dois salários mínimos (IBGE, 2019 ) ...
    • Risk externalities 

      Iachan, Felipe Saraiva; Silva, Dejanir H.
      2018-09-26
      Current analysis of macro-prudential policy has largely focused on excessive leverage and fire sales, while abstracting from firm-level risk and portfolio decisions. We show that these matter for the design of optimal ...