Listagem FGV EPGE - Seminários de Pesquisa Econômica por autor "Cysne, Rubens Penha"
Itens para a visualização no momento 1-10 of 10
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Bailey's measure of the welfare costs of infiation as a general-equilibrium measure
2007-11-22Lucas (2000) has ShO\nl t hat Baile,\''s formula for t hc \\'elfare costs of inflatioIl caIl bc rcgardpd as an approximation to t hc gcneral-equilibriuIll IllCaSllH'S \\'hich emerge from thc Sidrauski anrl the shopping-time ... -
Comments on public debt indexation and denomination, the case of Brazil
2004-12-02In this work I analyze the model proposed by Goldfajn (2000) to study the choice of the denomination of the public debt. Some potential shortcmomings of the mo dei in explaining the data are discussed. Measures of the ... -
Is there a price puzzle in Brazil? an application of bias- corrected bootstrap
2004-12-02Using data from the United States, Japan, Germany , United Kingdom and France, Sims (1992) found that positive innovations to shortterm interest rates led to sharp, persistent increases in the price leveI. The result was ... -
Measurements of income inequality: a critique. Inflation and income inequality: a link through the job- search process
2004-08-19In this paper I claim that, in a long-run perspective, measurements of income inequality, under any of the usual inequality measures used in the literature, are upward biased. The reason is that such measurements are ... -
An overview of some historical Brazilian macroeconomic series and some open questions
2005-06-23This paper presents an overview of the Brazilian macroeconomy by analyzing the evolution of some specific time series. The presentation is made through a sequence of graphs. Several remarkable historical points and open ... -
A theoretical connection between inflation and income inequality
2004-01-15This work investigates the effects of inflation on income distribution. We use a dynamic shopping-time model to show that a differentiated access to transacting technologies by poor and rich consumers is enough to generate ... -
WeIfare costs of inflation the case for interest-bearing money and empiricaI Estimates for Brazil
1994-09-22We provide in this paper a closed fonn for the Welfare Cost of Inflation which we prove to be closer than Bailey's expression to the correct solution of the corresponding non-separable differential equation. Next, we extend ... -
Welfare cost of inflation considering adoption decisions and interest-bearing deposits
2007-10Attanasio et al. (JPE, 2002) have used microeconomic data on households to provide new estimates of the welfare costs of infiation using Bailey's unidimensional welfare measure as a basis for their calculations. Such a ... -
What happens after the Central Bank of Brazil increases the target interbank rate by 1%?
2005-03-10In this paper I use Taylor's (2001) model and Vector Auto Regressions to shed some light on the evolution of some key macroeconomic variables after the Central Bank of Brazil, through the COPOM, increases the target interest ...
