We outline possible actions to be adopted by the European Union to ensure a better share of total coffee revenues to producers in developing countries. The way to this translates, ultimately, in producers receiving a fair ...

Using information on US domestic financial data only, we build a stochastic discount factor—SDF— and check whether it accounts for foreign markets stylized facts that escape consumption based models. By interpreting our ...

O que faz com que, nos modelos de negociação com informações assimétricas no mercado de capitais, haja compra e venda de ativos? Seria o fato de as informações não serem as mesmas para todos os agentes que atuam na bolsa ...

This paper discusses the economic rationality of a system of social targets, as a way for the federal government to increase efficiency in the use of its social budget transferred to municipalities. The paper develops ...

Esse trabalho estima um modelo vetor autorregressivo cointegrado para analisar os mecanismos monetários de transmissão na economia brasileira pós-Plano Real. Os resultados indicam que a taxa de inflação segue um processo ...

This work analyzes the entry problem in the hydroelectric generation industry. The operation of a generator upstream regularizes the river flow for generators located downstream on the same river, increasing the production ...