Browsing by Author "Guimaraes, Bernardo"
Now showing items 1-5 of 5
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Introduction to the special issue on DSGE models for the Brazilian economy
2015-03-03Dynamic Stochastic General Equilibrium (DSGE) models have become thestandard framework for quantitative macroeconomic analysis in the world. Naturally,there is now a growing literature on DSGE models designed to study ... -
Permitting prohibitions
We propose a model where the probability that courts will enforce a statute is endogenous to the statute itself. We obtain, rst, that the enactment of legislation prohibiting something might raise the probability that ... -
QWERTY is efficient
2016-05We study a dynamic coordination problem with staggered decisions where agents choose between two competing networks. If the intrinsically worst one prevails, this is efficient. Moreover, inefficient shifts to the intrinsically ... -
Who matters in dynamic coordination problems?
This paper studies a dynamic coordination model with timing frictions and heterogeneity in several dimensions. Each agent might a ect and be a ected by others in di erent ways, and the frequency of their decisions might ...
