In this paper we discuss optimality conditions for optimal control problems with a semigroup structure. As an application we detail the case when the state equation is the Schrödinger one, with pointwise constraints on the ...

This paper develops statistical tools for testing conditional independence among the jump components of the daily quadratic variation, which we estimate using intraday data. To avoid sequential bias distortion, we do not ...

This paper estimates the welfare effects of Brexit, focusing on trade and fiscal transfers. We use a standard quantitative general equilibrium trade model with many countries and sectors and trade in intermediates, as in ...

How does the presence of labor market frictions change optimal redistributive policies? Embedding an otherwise standard Mirrlees’ (1971) economy in a directed search environment we show that optimal Utilitarian (and Rawlsian) ...

Purpose – This study aims to examine the competitiveness of firms operating in the emerging economy of Brazil. This study examines the current perception of Brazilian business leaders regarding the level of competitiveness ...

This paper examines whether characteristics of government transfers that do not affect actual levels of redistribution affect support for such transfers. We employ survey experiments in Brazil, Chile, Uruguay, and Turkey ...

This research analyzes how cultural media products such as telenovelas and advertising campaigns portray the third age in an evolving society, and discusses how these representations often antagonize these consumers’ ...

Much work has been done on the impact of fiscal rules on fiscal discipline, usually measured as either changes in budget deficits or debt burdens, but there is little comparative research on the impact of such rules on the ...

No meio rural, o enfoque territorial do desenvolvimento foi adotado em países latino-americanos com a finalidade de oferecerem soluções inovadoras às políticas setoriais e aos desafios da sociedade e da economia, tais como ...