Now showing items 1-10 of 10
Existe taxa rosa no Brasil?
Este documento apresenta uma análise para investigar a presença da Taxa Rosa em produtos comercializados de forma online nos sites de 15 grandes redes de varejo do país. Taxa Rosa é um termo utilizado para designar o ...
Núcleo de estudos avançados de regulação do sistema financeiro nacional
(FGV DIREITO RIO, 2019)
The choice channel of financial innovation
Financial innovation in recent decades has expanded portfolio choice. We investigate how greater choice a¤ects investors.savings and asset returns. We establish a choice channel by which greater portfolio choice increases ...
Current analysis of macro-prudential policy has largely focused on excessive leverage and fire sales, while abstracting from firm-level risk and portfolio decisions. We show that these matter for the design of optimal ...
Money and credit remix
Gu, Mattesini, and Wright (2016) show that credit is irrelevant in a monetary economy with permanent buyer and seller types. In particular, the size of debt limits do not matter for the determination of real allocations. ...
Barriers to innovation in the Brazilian economy: impacts and lessons for public policy
In an effort to understand the barriers of innovation, we explore a firm-level database from different waves of the Brazilian innovation survey. Our initial objective is to understand what main determinants of each obstacle ...
On the origins of monetary exchange
Estimating energy rationing costs on general equilibrium environment with compensating variation
(International Association for Energy Economics, 2017)
Cyclicality of SME Lending and Government Involvement in Banks
(EBAPE - Escola Brasileira de Administração Pública e de Empresas, 2015-11-06)
Recent regulatory efforts aim at lowering the cyclicality of bank lending because of its potential detrimental effects on financial stability and the real economy. We investigate the cyclicality of SME lending by local ...
Matching, sorting, and the distributional effects of international trade
We study the distributional consequences of trade in a world with two industries and two heterogeneous factors of production. Productivity in each production unit reáects the ability of the manager and the abilities of the ...