Rev. Bras. Econ. vol.70 número3

29 The substantially higher capital tax induces a reduction in domestic capital accumulation and this leads to an increase in the current account deficit, which stays above the value

However, as presented in section 5, by including a sliding scale royalty rate in both models, the expected revenues tend to reach higher levels with a lower gap between them, making

Este trabalho teve três objetivos. Em primeiro lugar, estimou-se a taxa de juros natural da econo- mia brasileira, supondo que se trata de uma economia aberta pequena. Em segundo

This means that if one wants to make forecasts about consumption growth or excess returns using any of those two variables in a panel, it is better to esti- mate a single

Following the variable selection criterion established in section 2.4, we found that a suitable subset of macroeconomic variables for consumer credit in national currency is

de principal, apenas a liquidação em reais do resultado dos swaps. Esse tipo de intervenção foi o mais utilizado pelo BCB no período recente cujo objetivo principal era o de

We study a symmetric, profit share, common value auction with a twist: One (fixed) Bidder, if not winning the auction, has to enter a partnership with the winner, sharing both

We repeat the methodology above for every one of these models and select the best models as the ones with the highest ROCs for every K forecast period. After selecting the two