Listagem por autor "Araújo, Aloísio Pessoa de"
Itens para a visualização no momento 121-126 of 126
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The trade-off between incentives and endogenous risk
2007-11-01Negative relationship between risk and incentives, predicted by standard moral hazard models, has not been confirmed by empirical work. We propose a moral hazard model in which heterogeneous risk-averse agents can control ... -
The trade-off between incentives and endogenous risk
2004-02-01Standard models of moral hazard predict a negative relationship between risk and incentives, but the empirical work has not confirmed this prediction. In this paper, we propose a model with adverse selection followed by ... -
Webinar - Política monetária e o choque econômico da pandemia
2020-06-16O webinar reúne especialistas para uma discussão do potencial e dos limites dos instrumentos de política monetária frente ao choque econômico da pandemia. -
Welfare analysis of currency regimes with defaultable debts
2013We modify the Cole and Kehoe model by including domestic debt. According to the original model, a speculative attack on a high debt level issued abroad triggers external debt default. Here, it is possible to inflate away ...
