In this paper, we calculated the cost of economic fluctuations in Brazil. Using quarterly data from real per capita consumption between the beginning of Plano Real and the third quarter of 2013, we computed the cost of ...

The use of mean values of thermal and electric demand can be justifiable for synthesising the configuration and for estimating the economic results because it simplifies the analysis in a preliminary feasibility study of ...

The use of mean values of thermal and electric demand can be justifiable for synthesising the configuration and for estimating the economic results because it simplifies the analysis in a preliminary feasibility study of ...

The economic activity of a country can be affected by shocks due to short-duration events that do not represent change in the business cycle. Knowledge about the current state of the economy is useful in decision making ...

Complex ecological and economic systems show fluctuations in macroscopic quantities such as exchange rates, size of companies or populations that follow non-Gaussian tent-shaped probability distributions of growth rates ...

Lucas (1987) has shown a surprising result in business-cycle research: the welfare cost of business cycles are very small. Our paper has several original contributions. First, in computing welfare costs, we propose a novel ...

This paper explores the impact of the terms of trade on output fluctuations in Colombia, a developing country where as much as 62% of export earnings come from just four commodities: oil (42%), coal (14%), coffee (5%), ...

This paper builds a general equilibrium, financial accelerator model that incorporates an explicit technology for the intermediary sector. A credit multiplier emerges because of a borrowing constraint that is a function ...