RSS 1.0FGV EPGE - Seminários de Pesquisa Econômica
Os seminários da EPGE apresentam artigos acadêmicos dos pesquisadores da Escola e de outros centros brasileiros e internacionais.
FGV EPGE - Seminários de Pesquisa Econômica
Envios recentes
Itens para a visualização no momento 141-160 of 427
-
Time series mixtures of generalized t experts
2004-10-14 -
Yet another reason to tax goods
2003-11-27When, in a dynamic model, choices by an agent : i) are not observed, and; ii) affect preferences conditional on the realization of types, new and unexpected features come up in Mirrlees’ (1971) optimal taxation frame- work. ... -
Conditional treatment and its effect on recidivism
2003-05-08The objective of this paper is to evaluate the effect of the 1985 'Employment Services for Ex-Offenders' (ESEO) program on recidivism. Initially, the sample has been split randomly in a control group and a treatment group. ... -
On the optimality of the Friedman Rule with heterogeneous agents and non-linear income taxation
2003-02-11We study the optimal 'inflation tax' in an environment with heterogeneous agents and non-linear income taxes. We first derive the general conditions needed for the optimality of the Friedman rule in this setup. These general ... -
Optimal exchange rate policy, optimal incomplete taxation and business cycles
2002-01-24Implementation and collapse of exchange rate pegging schemes are recur- rent events. A currency crisis (pegging) is usually followed by an economic downturn (boom). This essay explains why a benevolent government should ... -
A class of improved heteroskedasticity-consistent covariance matrix estimators
2002-09-05The heteroskedasticity-consistent covariance matrix estimator proposed by White (1980), also known as HC0, is commonly used in practical applications and is implemented into a number of statistical software. Cribari–Neto, ... -
A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
2002-05-23Historically, payment systems and capital intermediation interact. Friedman (1959), and many observers of bank instabilities, have ad- vocated separating depositary from credit institutions. His proposal meets today an ... -
Valuation and performance of firms in complex ownership structures : an application to Korean chaebols
2007-05-30We propose several new metrics to describe the complex ownership structure of business groups, and provide simple formulas and algorithms to compute these metrics. We use these measures to describe in detail the ownership ... -
Beyond common priors
2004-07-08One property (called action-consistency) that is implicit in the common prior assumption (CPA) is identified and shown to be the driving force of the use of the CPA in a class of well-known results. In particular, we show ... -
The effects of credit risk transfer on bank monitoring and firm financing
2004-10-07This paper examines the efects of the transfer of credit risk associated with bank loans. We are interested in (a) whether the transfer of credit risk has any impact on the intensity with which banks monitor their borrowers ... -
Endogenous supply of fiat money
2006-02-02We address whether reputation concerns can discipline the behavior of a self-interested agent who has a monopoly over the provision of fiat money. We obtain that when this agent can commit to a plan of action, there is a ... -
Do options contain information about excess bond returns ?
2006-02-23There is strong empirical evidence that risk premia in long-term interest rates are time-varying. These risk premia critically depend on interest rate volatility, yet existing research has not examined the im- pact of ... -
A importância da saúde como um dos determinantes da distribuição de rendimentos da população adulta no Brasil
2006-08-10One of the main socioeconomic problems observed in most developing countries is the high income inequality. In Brazil, such issue is particularly relevant, since it possesses one of the worst income distributions in the ... -
Labor legislation and the size of informal sector in Brazil
2006-11-23This paper studies the increase in the rate of informal workers in the Brazilian economy that occurred between 1985 and 1999. We develop an overlapping generations model with incomplete markets in which agents are ex-post ... -
Technology adoption and effects of transfers across locations
2001-06-28This paper develops a two-period model with heterogeneous agents to analyze the e¤ects of transfers across locations on convergence, growth and welfare. The model has two important features. First, locations are asymmetric ... -
Export-led recoveries in small open industrialized economies
2001-09-20This paper studies the role of Vertical Specialization-based trade and foreign damand push as elements capable of explaining export-led recoveries in small open industrialized economies. The empirical evidence on export-led ... -
A oferta de bens perecíveis : determinação das curvas e estimativas para o mercado varejista Carioca
2001-11-08Neste artigo desenvolvemos um modelo de otimização que permite determinar curvas de oferta para produtos perecíveis. As informações disponíveis ao produtor(vendedor) sobre a demanda são sumarizadas por uma distribuição de ...
