Browsing by Subject "Ciclos econômicos"

Now showing items 61-76 of 76

    • The private memory of aggregate shocks 

      Costa, Carlos Eugênio da; Luz, Vitor Farinha
      2010-07-10
      We study constrained efficient aggregate risk sharing and its consequence for the behavior of macro-aggregates in a dynamic Mirrlees’s (1971) setting. Privately observed idiosyncratic productivity shocks are assumed to be ...

    • The private memory of aggregate shocks 

      Luz, Vitor Farinha
      2009-08-07
      In economies characterized by both aggregate and privately observed idiosyn- cratic risks we show that constrained e¢cient allocations may display non-trivial dependence on aggregate shocks. Using two period versions of ...

    • Rangel: ciclos longos e dualidade 

      Bresser-Pereira, Luiz Carlos
      2012-08-30
      For Ignácio Rangel economic development is an intrinsically contradictory movement through which technological innovation, whose dynamics explains the long cycle, is permanently in conflict with the existing capitals that ...

    • A relação dos indicadores de confiança com o crescimento econômico 

      Aranha, Danielle Macedo
      2017-08-29
      O trabalho tem como objetivo compreender como os índices de confiança podem ser utilizados como previsores do PIB estimados por dois métodos: método dos Mínimos Quadrados Ordinários (MQO) e Vetores Autoregressivos (VAR), ...

    • The relation between working capital, companies’ profitability and shareholder value creation: evidence from Brazilian listed industrial companies 

      Bernardes, Gustavo Alexandre Gomes
      2018-07-10
      The main goal of this study was to evaluate to what extent working capital management - mesasured through the Cash Conversion Cycle - is related to a higher profitability and to a higher creation of value for the shareholders ...

    • Resultado fiscal estrutural: visões metodológicas e aplicações para o Brasil 

      Barros, Gabriel Leal de
      2018
      After the beginning of the economic stabilization process, initiated just before and established by the Real Plan in 1994, there was a notable advance in 2000 with the introduction of the Fiscal Responsibility Law (LRF). ...

    • Secular stagnation in the framework of rentier-financier capitalism and globalization 

      Bresser-Pereira, Luiz Carlos
      2017-10
      Rentier-financier capitalism, neoliberalism and globalization have been in a crisis since 2008. It is characterized by low growth rates, quasi-stagnant wages and increase of inequality since rentiers replaced business ...

    • Signaling in political budget cycles: How far are you willing to go? 

      Streb, Jorge Miguel
      2002-02-07
      This paper analyzes how heterogeneity in two dimensions, competency and character, a¤ects political budget cycles. Competency is the e¢ciency in running the government. Character is the degree of opportunism. In this ...

    • Sovereign default risk and commodity prices 

      Lazzaro, João Guilherme Santos
      2017-05-12
      Country risk is known to be an important driver of emerging economies business cycles. Existing studies of macroeconomics effects of commodities prices on emerging economies' country risk assume an exogenous negative ...

    • Tayloring Brazil: a system dynamics model for monetary policy feedback 

      Neugebauer, Felix Sebastian
      2011-12-20
      The thesis introduces a system dynamics Taylor rule model of new Keynesian nature for monetary policy feedback in Brazil. The nonlinear Taylor rule for interest rate changes con-siders gaps and dynamics of GDP growth and ...

    • This year is different 

      Kasman, Bruce
      2013-05
      Apresentação do palestrante Bruce Kasman - JP Morgan no contexto do evento "3rd Global Conference - Business Cycles". Mais informações em: <http://epge.fgv.br/conferencias/business-cycles/pt/index.php>.

    • Unit roots and the welfare gains of cycle smoothing 

      Issler, João Victor; Franco Neto, Afonso Arinos de Mello
      1996-05-30
      li 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 

      Delalibera, Bruno Ricardo; Issler, João Victor; Branco, Roberto da Cunha Castello
      2017-05-30
      Emerging 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 ...

    • Variação no tempo da taxa neutra de juro real no Brasil 

      Augusto, Felipe Verceze
      2018-08-02
      Este trabalho propõe estimar a taxa de juro real neutra para o mercado brasileiro, utilizando uma metodologia abordada por autores como Perreli e Roache (2014) e Goldfajn e Bicalho (2011). Utilizando variáveis estruturais, ...

    • The welfare cost of business cycles for heterogeneous consumers: a state-space decomposition 

      Barros Junior, Fernando Antonio de; Lima Filho, Francisco Luis; Silva, Diego Martins
      2017
      The main objective of this paper is to measure the welfare costs related to permanent and transitory shocks for heterogeneous consumers. We use data from the Consumer Expenditure Survey (CEX) and compute the average ...

    • The welfare cost of macroeconomic uncertainty in the post-war period 

      Franco Neto, Afonso Arinos de Mello; Issler, João Victor; Guillen, Osmani Teixeira Carvalho
      2006-09-01
      With 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 ...