Browsing by Author "Issler, João Victor"
Now showing items 101-119 of 119
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Survey design and forecast accuracy
2017-08 -
Testing consumption optimality using aggregate data
2014-06-02The objective of this paper is to test for optimality of consumption decisions at the aggregate level (representative consumer) taking into account popular deviations from the canonical CRRA utility model rule of thumb and ... -
Testing consumption optimality using aggregate data
2014-09-10This paper tests the optimality of consumption decisions at the aggregate level taking into account popular deviations from the canonical constant-relative-risk-aversion (CRRA) utility function model-rule of thumb and ... -
Testing production functions used in empirical growth studies
2002-03-01We estimate and test two alternative functional forms representing the aggregate production function for a panel of countries: the extended neoclassical growth model, and a mincerian formulation of schooling-returns to ... -
Testing production functions used in empirical growth studies
2003-10-11We estimate and test two alternative functional forms, which have been used in the growth literature, representing the aggregate production function for a panel of countries: the model of Mankiw, Romer and Weil (Quarterly ... -
Testing the externalities hypothesis of endogenous growth using cointegration
1994-04The initial endogenous growth models emphasized the importance of externaI effects in explaining sustainable growth across time. Empirically, this hypothesis can be confirmed if the coefficient of physical capital per hour ... -
Testing the optimality of aggregate consumption decisions: is there rule-of-thumb behavior?
2009-02-15Consumption is an important macroeconomic aggregate, being about 70% of GNP. Finding sub-optimal behavior in consumption decisions casts a serious doubt on whether optimizing behavior is applicable on an economy-wide scale, ... -
Time-series properties and empirical evidence of growth and infraestructure: revised version
1998-09After more than forty years studying growth, there are two classes of growth models that have emerged: exogenous and endogenous growth models. Since both try to mimic the same set of long-run stylized facts, they are ... -
Time-series properties and empirical evidence of growth and infrastructure
1998-05-01After more than forty years studying growth, there are two classes of growth models that have emerged: exogenous and endogenous growth models. Since both try to mimic the same set of long-run stylized facts, they are ... -
Trade, structural transformation and productivity growth in China
2019-07-19This paper studies the recent experience of the Chinese economy from the perspective of a model with structural transformation and trade lib- eralization. The final objective is to quantify the contributions of the main ... -
Unit roots and the welfare gains of cycle smoothing
1996-05-30li consumption is log-Normal and is decomposed into a linear deterministic trend and a stationary cycle, a surprising result in business-cycle research is that the welfare gains of eliminating uncertainty are relatively ... -
Using common features to investigate common growth cycles for BRICS Countries
2017-05-30Emerging 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 ... -
Using common features to understand the behavior of metal-commodity prices and forecast them at different horizons
2013-06-03The objective of this article is to study (understand and forecast) spot metal price levels and changes at monthly, quarterly, and annual horizons. The data to be used consists of metal-commodity prices in a monthly frequency ... -
Using common features to understand the behavior of metal-commodity prices and forecast them at different horizons
2013-08-22The objective of this article is to study (understand and forecast) spot metal price levels and changes at monthly, quarterly, and annual frequencies. Data consists of metal-commodity prices at a monthly and quarterly ... -
The welfare cost of macroeconomic uncertainty in the post-war period
2005-12-01Lucas (1987) has shown the surprising result that the welfare cost of business cycles is quite small. Using standard assumptions on preferences and a fully-áedged econometric model we computed the welfare costs of macroeconomic ... -
The welfare cost of macroeconomic uncertainty in the post-war period
2006-09-01With standard assumptions on preferences and a fully-fledged econometric model we computed the welfare costs of macroeconomic uncertainty for post-war U.S. using the BeveridgeNelson decomposition. Welfare costs are about ...
