RSS 1.0FGV EESP - Textos para Discussão / Working Paper Series
FGV EESP - Textos para Discussão / Working Paper Series
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After the demise of neoliberalism but not of conservatism, a third developmentalism?
2015-07-23Neoliberalism and developmentalism are the two alternative forms of economic and political organization of capitalism. Since the 2008 global financial crisis we see the demise of neoliberalism in rich countries, as state ... -
O retorno da educação profissional no mercado de trabalho: evidências a partir de dados longitudinais
2015-06-29Este trabalho utiliza uma base de dados ainda não explorada na literatura de economia da educação para investigar o impacto do ensino técnico sobre variáveis de mercado de trabalho. Os dados, estruturadas em painel, permitem ... -
Labor earnings dynamics in post-stabilization Brazil
2015-06-15This paper analyzes both the levels and evolution of wage inequality in the Brazilian formal labor market using administrative data from the Brazilian Ministry of Labor (RAIS) from 1994 to 2009. After the covariance structure ... -
Fatores associados à violência escolar no Estado de São Paulo
2015-06-15Nós investigamos os fatores associados à violência escolar, a partir de um rico banco de dados inédito de registros de ocorrências escolares. Os crimes de furtos e roubos de bens e contra a pessoa, cometidos geralmente por ... -
Sanitation and health: empirical evidence for Brazilian municipalities
2015-06-15The relationship between sanitation policies (access and quality) and health in Brazilian municipalities was estimated from 2003 to 2010 using a panel data model with corrections for missing data. The results suggest a ... -
The determinants of IMF fiscal conditionalities: economics or politics?
2015-06-01Conditionalites, measures that a borrowing country should adopt to obtain loans from the IMF, are pervasive in IMF programs. This paper estimates the effects of political and economic factors on the number of conditionalities ... -
Fiscal interactions and spillover effects of a federal grant to Brazilian municipalities
2015-05-27Qual o impacto de uma transferência incondicional a um município quando seu vizinho também recebe a transferência? Nesse artigo n os testamos se uma transferência do governo federal, o Fundo de Participação dos Municípios ... -
Accountability and yardstick competition in the public provision of education
2015-04-27This paper explores the institutional change introduced by the public disclosure of an education development index (IDEB, Basic Education Development Index) in 2007 to identify the e ect of education accountability on ... -
Developmental class coalitions: historical experiences and prospects
2015-03-25Este artigo discute o conceito de coalizões de classe como uma alternativa parcial à luta de classes na compreensão das sociedades capitalistas; define duas coalizões de classes básicas - a desenvolvimentista e a liberal; ... -
Does mixed frequency vector error correction model add relevant information to exchange misalignment calculus? Evidence for United States
2015-03-25Real exchange rate is an important macroeconomic price in the economy and a ects economic activity, interest rates, domestic prices, trade and investiments ows among other variables. Methodologies have been developed in ... -
Assessing interdependence among countries' fundamentals and its implications for exchange rate misalignment estimates: An empirical exercise based on GVAR
2015-03-25Exchange rates are important macroeconomic prices and changes in these rates a ect economic activity, prices, interest rates, and trade ows. Methodologies have been developed in empirical exchange rate misalignment studies ... -
Time-dependent or state-dependent pricing? Evidence from firms’ response to inflation shocks
2015-03-25This paper proposes a test for distinguishing between time-dependent and state-dependent pricing based on whether the timing of pricing changes is affected by realized or expeted inflation. Using Brazilian data and exploring ... -
A coordination approach to the essentiality of money
2015-03-16The essentiality of money is commonly justi ed on e¢ ciency grounds. In this paper, we propose an alternative view on the essentiality of money. We consider an economy with llimited monitoring where agents have to coordinate ... -
Dynamic coordination among heterogeneous agents
2015-03-16We study a dynamic model of coordination with timing frictions and payoff heterogeneity. There is a unique equilibrium, characterized by thresholds that determine the choices of each type of agent. We characterize equilibrium ... -
Demand expectations and the timing of stimulus policies
2015-03-16This paper proposes a simple macroeconomic model with staggered investment decisions. The model captures the dynamic coordination problem arising from demand externalities and fixed costs of investment. In times of low ... -
A model of the rule of law
2015-03-16Economic development requires some limits on what those in power can do | the rule of law | but how can restraints be imposed on the powerful when there is no-one above them? This paper studies equilibrium rules allocating ... -
Intergovernmental transfers and public spending in Brazilian municipalities
2015-03-02We estimate the effects of unconditional (full fiscal decentralization) versus conditional (partial fiscal decentralization) block grants on local public spending in Brazilian municipalities. Our results suggest that the ... -
Unconditional transfers goes to health? Evidence from Brazilian municipalities
2015-03-02This study assesses the impact of unconditional transfer resources on the health indicators of Brazilian municipalities. This transfer refers to the Participation Fund of Municipalities (FPM) where at least 15% of its value ... -
Household borrowing constraints and monetary policy in emerging economies
2015-03-02Credit markets in emerging economies can be distinguished from those in advanced economies in many respects, including the collateral required for households to borrow. This work proposes a DSGE framework to analyze one ... -
Financial frictions, informality and income inequality
2014-12-12We studied the effects of changes in banking spreads on distributions of income, wealth and consumption as well as the welfare of the economy. This analysis was based on a model of heterogeneous agents with incomplete ...
