Listagem FGV EPGE - Escola Brasileira de Economia e Finanças por Assunto "Equilíbrio econômico"
Itens para a visualização no momento 1-20 of 52
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Uma análise de políticas fiscais: modelo DSGE novo-keynesiano com armadilha da liquidez
2013-06-19Neste artigo, é analisado, por meio de um modelo DSGE novo-keynesiano, o efeito da redução do imposto sobre o consumo, tal como os impactos das elevações da tarifa incidente sobre a renda do trabalho e dos gastos do governo, ... -
Arrecadação governamental e sistema tributário como resultados políticos
2014-05-29This paper introduces simultaneous choices of the political, taxation and expenditure government systems in a dynamics macroeconomic model of political economy with incomplete markets where the size of government must be ... -
Avaliação dos impactos macro-econômicos e de bem-estar da reforma tributária no Brasil
2009-05-19Este artigo avalia o impacto sobre a economia brasileira de uma reforma tributária que reduza distorções e cumulatividade, utilizando para tal experimento a atual proposta do Ministério da Fazenda. Utiliza-se um modelo ... -
Bailey's measure of the welfare costs of inflation as a general-equilibrium measure
2017Lucas (2000) has shown that Bailey’s formula for the welfare costs of inflation can be regarded as an approximation to the general-equilibrium measures that emerge from the Sidrauski and the shopping-time models. In this ... -
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 ... -
Collateral avoids Ponzi schemes in incomplete markets
2001-05-01Without introducing neither debt constraints nor transversality conditions to avoid the possibility of Ponzi schemes, we show existence of equilibrium in an incomplete markets economy with a collateral structure. -
Comparing equilibrium real interest rates : different approaches to measure Brazilian rates
2006-03-24Despite the difficulties involved in the precise determination of equilibrium real interest rates, it seems clear that nominal interest rates has been higher in Brazil than in similar emerging economies. This paper aims ... -
Competitive equilibria in infinite-horizon collateralized economies with default penalties
2010-03-16Araújo, Páscoa and Torres-Martinez (2002) have shown that, without imposing either debt constraints or transversality conditions, Ponzi schemes are ruled out in infinite horizon economies with default when collateral is ... -
O conjunto dos equilíbrios dos leilões de primeiro preço
2004-05-06In this note I specify the class of functions that are equilibria of symmetric first-price auctions. -
Contracting with repeated moral hazard and private evaluations
2005-11-29A repeated moral hazard setting in which the Principal privately observes the Agent’s output is studied. It is shown that there is no loss from restricting the analysis to contracts in which the Agent is supposed to exert ... -
A contractive method for computing the stationary solution of the euler equation
2002-09-01A contractive method for computing stationary solutions of intertemporal equilibrium models is provide. The method is is implemented using a contraction mapping derived from the first-order conditions. The deterministic ... -
Efeitos de gastos do governo em um modelo dinâmico estocástico de equilíbrio geral com restrições financeiras
2010-09Recentes evidências empíricas sugerem que o consumo aumenta em resposta a um aumento nos gastos do governo. Essa descoberta não pode ser facilmente reconciliada com os resultados dos modelos de otimização dos ciclos ... -
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 ... -
Endogenous borrowing constraints and default when markets are incomplete
2001-09-17Incomplete markets and non-default borrowing constraints increase the volatility of pricing kernels and are helpful when addressing assetpricing puzzles. However, ruling out default when markets are in complete is suboptimal. ... -
Endogenous collateral
2003-11-04We study an economy where there are two types of assets. Consumers’ promises are the primitive defaultable assets secured by collateral chosen by the consumers themselves. The purchase of these personalized assets by ... -
Endogenous collateral: arbitrage and equilibrium without bounded short sales
2001-05-01We study the implications of the absence of arbitrage in an two period economy where default is allowed and assets are secured by collateral choosen by the borrowers. We show that non arbitrage sale prices of assets are ...
