In this paper, we analyse the recent principal volatility components analysis procedure. The procedure overcomes several diculties in modelling and forecasting the conditional covariance matrix in large dimensions arising ...

Gu, Mattesini, and Wright (2016) show that credit is irrelevant in a monetary economy with permanent buyer and seller types. In particular, the size of debt limits do not matter for the determination of real allocations. ...

How does welfare change in the short- and long-run when trade integration takes place under imperfect labor markets? Even if consumers benefit from lower prices, there can be significant welfare losses from increases in ...

We find that a stock price fall in itself induces individual investors to buy the stock. That is, individuals neglect the negative information that may be attached to a stock price fall. Our identification strategy uses ...

O livro apoiado pela SBPC, fruto do Grupo de Trabalho Estado Laico, reúne capítulos de renomados cientistas, que apresentam o conceito de Estado laico, e debatem o impacto da não laicidade sobre a ciência, a política, o ...

Litígios sobre planos de saúde são responsáveis por grande volume dos processos que tramitam nos tribunais brasileiros. Assim, os métodos alternativos para solução de conflitos são ferramentas que devem ser fortalecidas e ...

This paper investigates peer effects in higher education in an environment of active learning that gives great importance for students' interaction through group work. Our empirical strategy uses exogenous variation in ...

Com intuito de construir diretrizes para políticas públicas e práticas empresariais no contexto da instalação e operação de grandes empreendimentos na Amazônia, a pesquisa “Diretrizes para grandes obras na Amazônia” utilizou ...

This article aims to study the effects of the recent Haitian immigration to Brazil on labor market outcomes of natives such as mean wage and net formal admissions, where the municipalities are the units of analysis. Due ...