Browsing FGV EPGE - Ensaios Econômicos by Author "Garcia, René"

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The macroeconomic effects of infrequent information with adjustment costs

Bonomo, Marco Antônio Cesar; Garcia, René
2000-05-01

We extend the macroeconomic literature on Sstype rules by introducing infrequent information in a kinked ad justment cost model. We first show that optimal individual decision rules are both state-and -time dependent. We ...
Tests of conditional asset pricing models in the brazilian stock market

Bonomo, Marco Antônio Cesar; Garcia, René
1999-07

In this paper, we test a version of the conditional CAPM with respect to a local market portfolio, proxied by the Brazilian stock index during the period 1976-1992. We also test a conditional APT modeI by using the difference ...