Listagem por autor "Merlin, Giovanni Tondin"
Itens para a visualização no momento 1-14 of 14
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Addressing important econometric issues on how to construct theoretical based exchange rate misalignment estimates
2015-10-26Exchange rate misalignment assessment is becoming more relevant in recent period particularly after the nancial crisis of 2008. There are di erent methodologies to address real exchange rate misalignment. The real exchange ... -
The aftermath of 2008 turmoil on Brazilian economy: Tsunami or “Marolinha”?
2017Financial events in 2008 had global impacts. We test whether U.S downturn had an impact on Brazilian economic activity and if it was unusual. We run policy ineffectiveness test (Pesaran and Smith [2014, 2016]) and Chow ... -
Assessing global economic activity linkages: an empirical exercise based on global autoregressive regression
2016-05-05Economic performance increasingly relies on global economic environment due to the growing importance of trade and nancial links among countries. Literature on growth spillovers shows various gains obtained by this ... -
Assessing interdependence among countries' fundamentals and its implications for exchange rate misalignment estimates: An empirical exercise based on GVAR
2015-03-25Exchange rates are important macroeconomic prices and changes in these rates a ect economic activity, prices, interest rates, and trade ows. Methodologies have been developed in empirical exchange rate misalignment studies ... -
Credit subsidies: bad idea or misuse?
2018-08Using a heterogeneous agent model with incomplete markets and entrepreneurship, I show that development banks can generate significant and positive impacts in an economy if they target the infrastructure sector and are ... -
Crise e desaceleração da economia brasileira: efeitos sobre os países do Mercosul
2015-10O Brasil é uma das maiores economias do continente sul-americano e sua integração com os países da região, especialmente com os participantes do acordo do Mercosul, tem se intensi ficado ao longo dos anos. Nesse contexto, ... -
Crise e desaceleração nas economias desenvolvidas: quais os possíveis efeitos para o Brasil?
2015-12A possibilidade de uma nova crise externa ou uma forte desaceleração das grandes economias do mundo é um temor constante para os países mais vulneráveis. Com base na estimação de um modelo autoregressivo global (GAR), esse ... -
Does mixed frequency vector error correction model add relevant information to exchange misalignment calculus? Evidence for United States
2015-03-25Real exchange rate is an important macroeconomic price in the economy and a ects economic activity, interest rates, domestic prices, trade and investiments ows among other variables. Methodologies have been developed in ... -
Entrepreneurship, financial frictions and the welfare gains of business cycles
2018-08I propose a simple method to solve a heterogeneous agent model with entrepreneurship, financial frictions and aggregate uncertainty. Aggregate shocks, in this context, induce potential entrepreneurs to save in order to ... -
Essays on heterogeneous agent models with entrepreneurship
2018-04-12This thesis is composed of three essays related to heterogeneous agent models with entrepreneurship. The first chapter adds aggregate uncertainty in a heterogeneous agent model with entrepreneurship and financial frictions, ... -
Financial frictions, informality and income inequality
2014-12-12We studied the effects of changes in banking spreads on distributions of income, wealth and consumption as well as the welfare of the economy. This analysis was based on a model of heterogeneous agents with incomplete ... -
How to disentangle exchange rate misalignment using a Global approach and economic identifying restrictions
2016Exchange rates are important macroeconomic prices and changes in these rates affect economic activ- ity, prices, interest rates, and trade flows. Methodologies have been developed in empirical exchange rate misalignment ... -
Spreads bancários e informalidade: efeitos redistributivos e de bem-estar em um modelo de agentes heterogêneos com escolha ocupacional
2014-02-21Este trabalho busca identificar os efeitos de mudanças nos spreads bancários sobre as distribuições de renda, riqueza e consumo, bem como o bem-estar da economia. Para tal, é desenvolvido um modelo de agentes heterogêneos ...
