Listagem FGV EPGE - Ensaios Econômicos por Assunto "Economia"
Itens para a visualização no momento 61-80 of 704
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The Brazilian social security program:diagnosis and proposal for reform
1994-05The Brazilian pay-as-you-go social security program is analyzed in a historical perspective. Its contribution to income inequality, and the role played by the inflation as a balancing variable are discussed. It is shown ... -
Bubbles, collateral and monetary equilibrium
2006-04-01Consider an economy where infinite-lived agents trade assets collateralized by durable goods. We obtain results that rule out bubbles when the additional endowments of durable goods are uniformly bounded away from zero, ... -
Caixas de conversão
1993-08This paper discuss some aspects of currency boards. It analyzes the formation of this institutions, the historical experiences of Singapore and Brazil and Lara Resende currency board proposal. -
Can a habit formation model really explain the forward premium anomaly?
2009-05-12Verdelhan (2009) shows that if one is to explain the foreign exchange forward premium behavior using Campbell and Cochrane (1999)’s habit formation model one must specify it in such a way to generate pro-cyclical short ... -
Capitais internacionais: complementares ou substitutos?
2003-10-10This paper presents a theoretical and empirical analysis of the substitutability of international private capital flows. Both univariate and multivariate investigations of the capital movements related to the Brazilian ... -
Capital structure choice of foreign subsidiaries: evidence from multinationals in Brazil
1998Is the capital structure choice of a foreign subsidiary different from the choice of a comparable company controlled by nationals? If so, what are the differences? In this paper we shed some light on these questions by ... -
A CAPM with higher moments: theory and econometrics
1997-10-01We develop portfolio choice theory taking into consideration the first p~ moments of the underIying assets distribution. A rigorous characterization of the opportunity set and of the efficient portfolios frontier is given, ... -
Central limit theorem for asymmetric kernel functionals
2004-02-01Asymmetric kernels are quite useful for the estimation of density functions with bounded support. Gamma kernels are designed to handle density functions whose supports are bounded from one end only, whereas beta kernels ... -
Ciclo de vida e motivações financeiras
2000-07-01This paper attempts to describe the process of acumulation and desacumulation of financial holdings across the life-cycle. The paper is divided in two parts, in the first, we survey the theoretical literature on the long ... -
City sizes and industry concentration
1995-05In a general equilibrium model of trade under transportation costs between two cities we show how the relative population sizes are simultaneously detemined with the degree of geographic concentration of industries ... -
Uma classe de preferências convexas sem representação côncava
2009-02-26Eu demonstro que preferências convexas com curvas de indiferença afins não tem representação côncava se existirem duas curvas de indiferença não-paralelas -
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. -
Collateral, default penalties and almost finite-time solvency
2008-03-04We argue that it is possible to adapt the approach of imposing restrictions on available plans through finitely effective debt constraints, introduced by Levine and Zame (1996), to encompass models with default and collateral. ...
