[PDF] Top 20 Rev. Bras. Econ. vol.58 número3

... Therefore, we adopt a four-country (Argentina, Brazil, US and Rest of the World) model to evaluate the impacts of trade blocks and tax policies on the Brazilian economy.. Our paper is re[r] ... See full document

... 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 in t[r] ... See full document

... One of the important characteristics of the Brazilian Model of Telecommunications Reform (BMTR) was the adoption of a duopo- ly policy, constraining the entry of new players in the wire [r] ... See full document

... This means that the input tariff effect dominates the output tariff one and it suggests that the effect of trade liberalization on productivity growth is more likely to be the result of [r] ... See full document

... The main results are the following: monetary policy shocks have significant effects on output; monetary policy shocks do not induce a reduction in the inflation rate in the first two peri- o[r] ... See full document

... This leads us to conclude that to be able to make non-empty statements on the relevance of public debt maturity, optimal nominal quantity of money and benefits of exchange-rate regimes on[r] ... See full document

... Given the aggregate net payments of the present generation, the debt and the public expenditure, we can infer that an representative individual of the future generations has to pay R$23.[r] ... See full document

... Provided that a higher stock of machines rises marginal productivity of buildings, an increase in the machine resale price likewise has a positive impact on the stock of buildings.... Fi[r] ... See full document

... The rest of the paper is organized as follows. Section 2 lays out the model. Section 3 carries out the empirical analysis.. Each household lives in one of two countries: households on th[r] ... See full document

... The empirical strategy adopted to identify the sheepskin effects consists in estimating earnings equations, including linear years of schooling, and splines and discontinuous functions f[r] ... See full document

... Since the estimated threshold is not zero, its slightly positive value (close to 2%) suggests the pres- ence of price adjustment costs, where small exchange rate changes are not promptly[r] ... See full document

... This new Phillips curve was confronted with Brazilian data to estimate the effects of unemployment and supply shocks on the inflation rate, compute the short-run trade-off between inflat[r] ... See full document

... After gauging all the empirical evidence that we find- considering several unit root tests with unknown structural breaks, the estimation of reduced form inflation dynamics and various r[r] ... See full document

... This paper aims at evaluating the mechanisms of corporate gov- ernance currently at work in the United States. Section 1 turns its focus to the reasons accounting for the still relative [r] ... See full document

... This parsimonious model, appropriately calibrated to the Brazilian economy, predicts that interest rate shocks can explain about one third of output fluctuations and delivers business cy[r] ... See full document

... Looking at the set of displayed equations one realizes that, under the specified setup, there is not a unique timeless rule capable of describing mechanically the aggregate supply relati[r] ... See full document

... We estimated the base model preceding and following the economic policy “tripod” establishment in Brazil, based on primary fiscal surplus, inflation targets and free-floating exchange rate. This issue is important for ... See full document

... Keeping the tax rate on labor income and the growth rate of the money supply constant over time is preferable to an active fiscal policy that induces the output to be constant.. We perfo[r] ... See full document

... In order to disaggregate the metallurgical sector in Rijckeghem’s original matrix into the “Metal- lurgical (iron and steel)” and “Metallurgical (other)” sectors, we used the coefficient[r] ... See full document

... In terms of the relationship between credit defaults and business cycles, the models estimated in the two modalities provide basically the same evidence. However, the effects seem to be [r] ... See full document