RSS 1.0FGV EPGE - Dissertações, Mestrado em Economia
FGV EPGE - Dissertações, Mestrado em Economia
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Sequential cost-reimbursement rules
2014-03-17This paper studies cost-sharing rules under dynamic adverse selection. We present a typical principal-agent model with two periods, set up in Laffont and Tirole's (1986) canonical regulation environment. At first, when the ... -
Inflation when the planner wants less spending
2014-03-12I study optima in a random-matching model of outside money. The examples in this paper show a conflict between private and collective interests. While the planner worry about the extensive and intensive margin effects of ... -
Transformação estrutural, educação e fertilidade: o caso do Brasil e da Coreia do Sul
2013-12-18O objetivo deste artigo é entender o motivo das diferentes trajetórias de crescimento do Brasil e da Coreia do Sul a partir de 1980. A causa apontada para a estagnação da economia brasileira, após um período de elevado ... -
Estimation of random coefficients logit demand models: an application to the Brazilian fixed income fund market
2013-10-29Estimation of demand and supply in differentiated products markets is a central issue in Empirical Industrial Organization and has been used to study the effects of taxes, merges, introduction of new goods, market power, ... -
Central bank balance sheet concerns and credible optimal escape from the Liquidity trap
2013I show that when a central bank is financially independent from the treasury and has balance sheet concerns, an increase in the size or a change in the composition of the central bank's balance sheet (quantitative easing) ... -
Aspectos do comércio entre China e Brasil e seus impactos
2013-07-30The present work has the objective to clarify some of the aspects of trade between Brazil and China. It is a descriptive work that uses a variety of products aggregations (Harmonic System; Broad Economic Categories) with ... -
Wald tests for IV regression with weak instruments
2013-09-17This dissertation deals with the problem of making inference when there is weak identification in models of instrumental variables regression. More specifically we are interested in one-sided hypothesis testing for the ... -
The long-run properties of a dynamic Mirrlees' model with aggregate shocks
2013-07-19We assess the existence of a long run stationary distribution of expected util- ities in a dynamic Mirrlees’s (1971) incentive structure when the government has only imperfect record keeping and the economy is subject to ... -
Money distribution with intermediation
2013-06-28This paper analyzes the distribution of money holdings in a commo dity money search-based mo del with intermediation. Intro ducing heterogeneity of costs to the Kiyotaki e Wright ( 1989 ) mo del, Cavalcanti e Puzzello ( ... -
A study of the impacts of quantitative easing on the macroeconomics variables
2013-06-19Neste trabalho, propusemos um modelo DSGE que busca responder algumas questões sobre políticas de afrouxamento monetário (Quantitative Easing - QE) recentemente implementadas em resposta à crise de 2008. Desenvolvemos um ... -
Apreçamento de opções de recompra embutidas: uma aplicação ao mercado de debêntures brasileiro
2010-07-17n this work we develop a strategy to price emb edded options. This kind of options exists in a large numb er of deb entures in the Brazilian market. As this market presents a reduced numb er of assets, pricing the emb edded ... -
Educação e investimentos externos como determinantes do crescimento a longo prazo
1995-05Combining forecast is characterized by an improvement in the accuracy of the prognoses due to the complementarity of the information contained in individual forecasts. This paper follows the seminal work of Bates and Granger ... -
Modelos de equilíbrio geral dinâmico com custo de default
2013-06-20This work consists on a survey of some papers from the literature of general equilibrium with default costs. We focus on the study of Kehoe and Levine (1993) and Alvarez and Jermann (2000) models. We also describe some ... -
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, ... -
Previsão da estrutura a termo brasileira utilizando de fatores macroeconômicos
2013-06-11This article studies the prediction of the Brazilian interest rate term structure employing the use of common factors extracted from a vast database of macroeconomic series. The estimation and prediction periods analyzed ... -
Estimation of DSGE Models: A Monte Carlo Analysis
2013-06-18We investigate the small sample properties and robustness of the parameter estimates of DSGE models. Our test ground is the Smets and Wouters (2007)'s model and the estimation procedures we evaluate are the Simulated Method ... -
A dynamic model of simultaneous price competition with switching and search costs
2013-06-14This paper presents a dynamic model of price competition that incorporates both switching and search costs and where the consumer's and rms' decisions are simultaneous. Given the assumptions made we see that this model has ... -
Transformação estrutural e crescimento da produtividade: uma investigação empírica
2013-06-24Esta pesquisa (i) caracteriza o processo de transformação estrutural, (ii) quantifica o seu impacto sobre o crescimento da produtividade agregada do trabalho e (iii) investiga os determinantes do crescimento da produtividade ... -
Aggregate uncertainty, disappointment aversion and the business cycle
2013-06-17We investigate the eff ect of aggregate uncertainty shocks on real variables. More speci fically, we introduce a shock in the volatility of productivity in an RBC model with long-run volatility risk and preferences that ... -
Trade Liberalization and Regional Impacts on Residual Wage Inequality: Evidence from Brazil
2013-06-12The aim of this paper is to understand more about the role of trade liberalization on wage inequality, more precisely, on the residual wage inequality. Using the Brazil- ian trade openness, the large tari cuts that occurred ...
