Rev. Bras. Econ. vol.56 número4

Despite the higher volatility in consumption, hours and productivity series, the model does not make a good match because output and investment are both 1.3 times more volatile than

Section 4 presents estimates of a VAR model linking capital inflows, domestic and foreign nominal interest rates, expected depreciation, government spend- ing, and the rate of change

All the methods used to date turning points capture asymmetries across different cycle phases of the Brazilian economy with respect to duration, am- plitude, and cumulative

The all important task of linking our measure of the common stochastic component of the industrial production index with the other fundamental driving variables of the economy

In this paper we show that robust unit root tests achieve the same conclusion as ADF-type tests that have been properly modified to account for inliers and shock plans through

By focusing only on this issue, they neglect a basic problem related to child labor in most developing countries: schooling is not available for all children and where schools

Table 10 shows the results of the decomposition of the Gini index of the per capita household income in Brazil, considering six components: income from the main occupation of

Fajardo (2000) proves that when the stock returns follow a Hyperbolic L´evy motion and we choose a particular equivalent martingale measure (EMM) to construct the state price