Browsing by Author "Cunha, Alexandre Barros da"
Now showing items 1-7 of 7
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Competitive equilibrium hyperinflation under rational expectations
2005-01-01This paper shows that a competitive equilibrium model, where a representative agent maximizes welfare, expectations are rational and markets are in equilibrium can account for several hyperinflation stylized facts. The ... -
Contribuições de FHB sobre inflação e hiperinflação - parte 2/5
2015-09-30Seminário realizado no dia 14/08 em homenagem aos 70 anos do Professor Fernando de Holanda Barbosa. Durante o evento, os diversos convidados abordaram sobre as contribuições do Professor Fernando de Holanda Barbosa nos ... -
Inflation tax and money essentiality
2003-02This paper shows that [Journal of Political Economy 91 (1983) 675] infeasibility condition, which is equivalent to say that money is essential, is an empirical question, rather than a theoretical issue. This hypothesis can ... -
The Limits of political compromise: debt ceilings and political competition
2015We study the desirability of limits on the public debt and of political competition in an economy where political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public ... -
Mercado de seguros e inflação: o caso brasileiro
1994-03-22 -
Optimal exchange rate policy, optimal incomplete taxation and business cycles
2002-01-24Implementation and collapse of exchange rate pegging schemes are recur- rent events. A currency crisis (pegging) is usually followed by an economic downturn (boom). This essay explains why a benevolent government should ... -
The optimality of the Friedman rule when some distorting taxes are exogenous
2005-05-19This paper investigates the optimality of the Friedman rule in a two-sector small open economy. That policy prescription is found to be a necessary condition for Pareto efficiency. If a planner can select all conceivable ...
