Browsing FGV EPGE - Ensaios Econômicos by Subject "Incerteza"

Now showing items 1-3 of 3

    • Competitive equilibria in infinite-horizon collateralized economies with default penalties 

      Martins-da-Rocha, Victor Filipe; Vailakis, Yiannis
      2010-03-16
      Araújo, 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 ...

    • The welfare cost of macroeconomic uncertainty in the post-war period 

      Franco Neto, Afonso Arinos de Mello; Issler, João Victor; Guillen, Osmani Teixeira Carvalho
      2005-12-01
      Lucas (1987) has shown the surprising result that the welfare cost of business cycles is quite small. Using standard assumptions on preferences and a fully-áedged econometric model we computed the welfare costs of macroeconomic ...

    • The welfare cost of macroeconomic uncertainty in the post-war period 

      Franco Neto, Afonso Arinos de Mello; Issler, João Victor; Guillen, Osmani Teixeira Carvalho
      2006-09-01
      With standard assumptions on preferences and a fully-fledged econometric model we computed the welfare costs of macroeconomic uncertainty for post-war U.S. using the BeveridgeNelson decomposition. Welfare costs are about ...