In this work, we use the framework developed by Christensen (2017) and Hansen and Scheinkman (2009) to study the long-term interest rates in the US and Brazil. In our first set of results, we assess Christensen (2017) ...

Although there has been substantial research using long-run co-movement (cointegration) restrictions in the empirical macroeconomics literature, little or no work has been done investigating the existence of short-run ...

The purpose of the paper is to stablish the variables that affect the dynamics of Colombian violence showing the relations encountered between them; and to state based on the econometric evidence found what could be called ...

This paper analyzes both the levels and evolution of wage inequality in the Brazilian formal labor market using administrative data from the Brazilian Ministry of Labor (RAIS) from 1994 to 2009. After the covariance structure ...

The objective of this paper is to analyze the relationship between the Brazilian nominal exchange rate and the economic fundamentals, defined according to the Taylor rule. The transitory and permanent decomposition method ...

The main objective of this paper is to measure the welfare costs related to permanent and transitory shocks for heterogeneous consumers. We use data from the Consumer Expenditure Survey (CEX) and compute the average ...

Neste trabalho estudamos a evolução da desigualdade de salários no mercado formal de trabalho no Brasil utilizando dados da Relação Anual de Informações Sociais (RAIS) no período entre 1994 e 2009. Utilizamos a variância ...

The main objective of this paper is to propose a novel setup that allows estimating separately the welfare costs of the uncertainty stemming from business-cycle uctuations and from economic-growth variation, when the two ...

We extend the standard price discovery analysis to estimate the information share of dual-class shares across domestic and foreign markets. By examining both common and preferred shares, we aim to extract information not ...