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Inflation persistence and flexible prices
(Escola de Pós-Graduação em Economia da FGV, 2001-11-19)
The inability of rational expectation models with money supply rules to deliver inflation persistence following a transitory deviation of money growth from trend is due to the rapid adjustment of the price level to expected ...
Imperfectly credible disinflation under endogenous time-dependent pricing
(Escola de Pós-Graduação em Economia da FGV, 2005-09-08)
The real effects of an imperfectly credible disinflation depend critically on the extent of price rigidity. Therefore, the study of how policymakers’ credibility affects the outcome of an announced disinflation should not ...
Testing the Markov property with ultra high frequency financial data
(Fundação Getulio Vargas, 2001-03-01)
This paper develops a framework to test whether discrete-valued irregularly-spaced financial transactions data follow a subordinated Markov process. For that purpose, we consider a specific optional sampling in which a ...
Poverty and commercialization of non-timber forest products
(Centro de Investigación y Docencia Económicas, División de Economía, 2010)
Vertical control in newly regulated economies: lessons from the theory and practice of RPM
(Universidad de Chile, Facultad de Economía y Negocios, 2002)
This paper develops conceptual arguments to analyze RPM from the antitrust viewpoint.
Through a general model, we conclude that minimum RPM in general would reduce consumer's
price. Consequently, it could harm consumers ...
A family of autoregressive conditional duration models
(Escola de Pós-Graduação em Economia da FGV, 2003-10-05)
This paper develops a family of autoregressive conditional duration (ACD) models that encompasses most specifications in the literature. The nesting relies on a Box-Cox transformation with shape parameter λ to the conditional ...
Spatial spillovers in the implicit market price of soil erosion: an estimation using a spatio-temporal hedonic model
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2019)
We estimate the implicit market price of soil erosion, fitting a spatio-temporal hedonic price model using quarterly data of 3,563 agricultural farms traded in Uruguay between 2000 and 2014. A unique feature of our estimation ...
Selected statistical indicators of Caribbean countries
(ECLAC, 2014)