RSS 1.0FGV EESP - Textos para Discussão / Working Paper Series
FGV EESP - Textos para Discussão / Working Paper Series
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Uma investigação sobre a focalização do Programa Bolsa Família e seus determinantes imediatos
2013-12-09Objetiva-se realizar uma investigação sobre a focalização do Programa Bolsa Família e seus determinantes imediatos, assim como uma análise quantitativa sobre famílias beneficiadas, elegíveis e não elegíveis. Constata-se ... -
Evidence of eligibility manipulation for conditional cash transfer programs
2013-12-09This paper assesses whether eligibility for conditional cash transfer programs have been manipulated, as well as the impact of this phenomenon on time allocation within households. To perform this analysis, we use data ... -
Uma análise dos fatores associados à frequência ao ensino médio na educação de jovens e adultos (EJA) no Brasil
2013-12-09Um dos grandes desafios atuais da política educacional brasileira é compreender as razões da chamada crise de audiência do ensino médio. Como alternativa à modalidade regular, jovens a partir dos 17 anos podem optar pela ... -
Development, progress and economic growth
2013-12-09Progress was an idea of the 18th century; development, a project of the 20th century that continues into the 21st century. Progress was associated with the advance of reason, development with the fulfillment of the five ... -
Transmissão da variação cambial para as taxas de inflação no Brasil: estimação do pass-through através de modelos de vetores autorregressivos estruturais com correção de erros
2013-12-09This paper estimates the transmission of exchange rate changes to price indices in Brazil using the methodology of structural autoregressive vectors (SVAR) with vector error correction (VEC). The study period begins on the ... -
Exchange rate misalignments, interdependence, crises, and currency wars: an empirical assessment
2013-12-09Este trabalho tem por objetivo comparar metodologias distintas para cálculo de desalinhamento cambial além de testar a hipótese se as taxas de câmbio dos diversos países sofrem influencia apenas dos seus próprios fundamentos ... -
A estrutura a termo da taxa de juros brasileira e a oferta de títulos públicos
2013-12-09Estudos sobre os determinantes da estrutura a termo de taxa de juros brasileira são recentes. Um melhor entendimento sobre os determinantes da mesma é importante, entre outras razões, para política econômica. Existem duas ... -
Forecasting Brazilian inflation by its aggregate and disaggregated data: a test of predictive power by forecast horizon
2013-12-09This work aims to compare the forecast efficiency of different types of methodologies applied to Brazilian Consumer inflation (IPCA). We will compare forecasting models using disaggregated and aggregated data over twelve ... -
Anticipatory effects in the FTSE 100 index revisions
2013-12-09This paper examines the price impact of trading due to expected changes in the FTSE 100 index composition. We focus on the latter index because it employs publicly-known objective criteria to determine membership and hence ... -
Price discovery in dual-class shares across multiple markets
2013-12-09We extend the standard price discovery analysis to estimate the information share of dual-class shares across domestic and foreign markets. By examining both common and preferred shares, we aim to extract information not ... -
A (semi-)parametric functional coefficient autoregressive conditional duration model
2013-12-09In this paper, we propose a class of ACD-type models that accommodates overdispersion, intermittent dynamics, multiple regimes, and sign and size asymmetries in financial durations. In particular, our functional coefficient ... -
Modeling and predicting the CBOE market volatility index
2013-12-09This paper performs a thorough statistical examination of the time-series properties of the daily market volatility index (VIX) from the Chicago Board Options Exchange (CBOE). The motivation lies not only on the widespread ... -
Conditional alphas and realized betas
2013-12-06This paper proposes a two-step procedure to back out the conditional alpha of a given stock using high-frequency data. We rst estimate the realized factor loadings of the stocks, and then retrieve their conditional alphas ... -
Analysis of contagion from the constant conditional correlation model with Markov regime switching
2013-12-06Over the last decades, the analysis of the transmissions of international nancial events has become the subject of many academic studies focused on multivariate volatility models volatility. The goal of this study is to ... -
Assessing competition in the banking industry: a multi-product approach
2013-12-06This paper investigates the competitive aspects of multi-product banking operations. Extending Panzar and Rosse (1987)’s model to the case of a multi-product banking firm, we show that the higher the economies of scope in ... -
A relação entre proficiência e dispersão de idade na sala de aula: a influência do nível de qualificação do professor
2013-12-06In this article we show that among elementary school students in Brazil there is a negative and significant relationship between within-class age dispersion and pupil’s proficiency. The relationship between the age-grade ... -
Campaign donation and government contracts in Brazilian states
2013-12-06A corporate firm may influence policies in its favor by transferring money to political candidates. However, empirical studies which document evidence about the return on campaign donations are rare (Großer, Reuben and ... -
Child labor and learning
2013-12-05This paper investigates the impact of working while in school on learning outcomes through the use of a unique micro panel dataset of Brazilian students. The potential endogeneity is addressed through the use of di ... -
Performance-based compensation vs. guaranteed compensation: contractual incentives and performance
2013-12-05Top management from retail banks must delegate authority to lower-level managers to operate branches and service centers. Doing so, they must navigate through conflicts of interest, asymmetric information and limited ...
