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Nominal income determination, financial assets and liabilities and fiscal policyNominal income determination, financial assets and liabilities and fiscal policy
(Sociedade Brasileira de Econometria, 1983)
Equilibria in exchange economies with financial constraints: beyond the Cass trick
(Escola de Pós-Graduação em Economia da FGV, 2005-08-05)
We consider an exchange economy under incomplete financiaI markets with purely financiaI securities and finitely many agents. When portfolios are not constrained, Cass [4], Duffie [7] and Florenzano-Gourdel [12] proved ...
Endogenous asymmetric money illusion
(Elsevier, 2019)
We show that when investors suffer from endogenous asymmetric money illusion, the usual proportionality between money supply and nominal prices commonly present in frictionless economies is eliminated. This drives changes ...
Hedging against the government: a solution to the home asset bias puzzle
(Amer Economic Assoc, 2013-01)
We explain why international nominal bonds and equity portfolios are biased domestically. In our model, holding domestic government nominal debt provides a hedge against shocks to bond returns and the impact on taxes they ...
Cross border nominal assets and international monetary interdependence
(Universidad de San Andrés. Departamento de Economía, 1997)
Análise sobre o comportamento do câmbio nominal brasileiro durante a pandemia
(2022-10)
Observou-se que durante a pandemia do Covid-19 vários ativos financeiros tiveram suas cotações alteradas abruptamente. Isso aconteceu principalmente em função de uma alteração repentina da percepção de risco sobre a economia ...
On the integrability of money-demand functions by the Sidrauski and the shopping-time models
(Elsevier Science Bv, 2009-09)
This paper investigates which properties money-demand functions must satisfy so that they are consistent with Lucas's [Lucas Jr., R.E., 2000. Inflation and welfare. Econometrica 68, 247-274] versions of the Sidrauski and ...
On the integrability of money-demand functions by the sidrauski and the shopping-time models
(2009-01-08)
This paper investigates which properties money-demand functions must satisfy so that they are consistent with Lucasís [Lucas, R.E., Jr., 2000. Ináation and welfare. Econometrica 68, 247-274] versions of the Sidrauski and ...
Contágio financeiro na pandemia de covid-19
(Universidade Federal de São Paulo, 2021-08-09)
A forte interligação dos mercados financeiros globais permite que o contágio financeiro seja um fenômeno presente nos mercados de ativos financeiros a partir da ocorrência de um choque adverso na economia de um determinado ...
On the consistency of arbitrary money-demand functions with the Sidrauski and the shopping-time models
(Escola de Pós-Graduação em Economia da FGV, 2008-01-01)
This paper investigates which properties money-demand functions have to satisfy to be consistent with multidimensional extensions of Lucasí(2000) versions of the Sidrauski (1967) and the shopping-time models. We also ...