Browsing FGV EPGE - Seminários de Pesquisa Econômica by Issue Date
Now showing items 121-140 of 427
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Asset pricing when risk sharing is limited by default: a theoretical framework
1997-09-04We study the asset pricing implications of an endowment economy when agents can default on contracts that would leave them otherwise worse off. We specialize and extend the environment studied by Kocherlakota (1995) and ... -
Job destruction and propagation of shocks
1997-09-11We develop and quantitatively implement a dynamic general equilibrium model with labor market matching and endogenous deterllÚnation of the job destruction rate. The mo deI produces a elose match with data on job creation ... -
A notion of subgame perfect nash equilibrium under knightian uncertainty
1997-10-09We define a subgame perfect Nash equilibrium under Knightian uncertainty for two players, by means of a recursive backward induction procedure. We prove an extension of the Zermelo-von Neumann-Kuhn Theorem for games of ... -
To cointegrate or not to cointegrate? That's a topological question
1997-10-16We show that for any multivariate I( 1) process which does not cointegrate, it is possible to find another process sufficient1y elose to it where cointegration applies. Closeness is defined in terms of the spectral density ... -
Barriers to trade: barriers to growth
1997-10-23We study the cxtent to which differences in international trade policies contribute to the significant cross-country disparities in macroeconomic performance. In particular, wc concentrate on the effect of protectionism ... -
Avaliação do desempenho acadêmico : globalização e trópico
1997-11-06Expõe-se um programa de pesquisa sobre a natureza indetenninada do conhecimento científico, estendendo-o para análise da avaliação do desempenho acadêmico, e a consequente fonnulação de propostas de mudança. Considerando ... -
A competitive growth model with endogenous fertility
1998-01-15This paper investigates the interaction between endogenous fertility behavior and the distribution of income and wealth arnong farnilies in a competitive market economy. We construct a growth model in which altruistic ... -
Estrutura a termo da volatilidade em mercados de juros e futuros: características gerais e o mercado futuro de DI
1998-01-22São dois os objetivos deste artigo. O primeiro constitui-se em formalizar e formatar a resposta à questão acerca de como se comporta a volatilidade dos preços de titulos, futuros e derivativos de forma geral ao loogo do ... -
Labor supply, risk aversion and economic refrom in China
1998-02-05Economic reform in China has created a small, but fast-growing private sector that has spurred rapid productivity growth. Growth of the private sector is predicated upon continued labor movements away from state-run ... -
Empirical measures,learning and sunspot equilibrium
1998-03-12In this paper we construct sunspot equilibria that arrise from chaotic deterministic dynamics. These equilibria are robust and therefore observables. We prove that they may be learned by a sim pie rule based on the histograms ... -
A model of rural conflict: violence and land reform policy in Brazil
1998-03-26In the past ten years the struggle for land in Brazil has taken the shape of invasions of private land by welI organized groups of land less squatters. It is argued in this paper that these invasions and the resulting ... -
Conditional labour supply, quantile functions in Brazil
1998-04-23The estimation of labor supply elasticities has been an important issue m the economic literature. Yet all works have estimated conditional mean labor supply functions only. The objective of this paper is to obtain more ... -
Demand and supply: price elasticities and corporate performance in the UK
1998-04-30This paper investigates the relationship between consumer demand and corporate performance in several consumer industries in the UK, using two independent datasets. It uses data on consumer expenditures and the retail price ...
