This paper exploits an area-based pilot experiment to identify average treatment effects on unemployment duration of treated individuals of two active labor market programs implemented in Portugal. We focus on the short-term heterogeneous impact on two subpopulations of unemployed individuals:...

Portuguese firms engage in intense reallocation, most employers simultaneously hire and separate from workers, resulting in high excess worker turnover flows. These flows are constrained by the employment protection gap between open-ended and fixed-term contracts. We explore a reform that...

Although many studies were done in Brazil about poverty, very few of then did analyze the transient or persistent nature of this phenomenon. Encouraged by the lack of poverty analyses as a dynamic phenomenon in Brazil, the objective of this paper is to evaluate which characteristics determine...

This paper tries to identify some points of touch between the Treatise on Money and the General Theory of Keynes, since a detailed analysis of some passages of the Treatise.

This article uses a Vector Error Correction Model (VECM) framework to study exchange rate pass-through to producer and consumer prices in Brasil. We identify two long-run and one short-run relations in data. We calculate the impulse-response function of domestic prices to exchange rate shock....

This article presents a reform proposal of Brazil's pension system. The new system is based on the principles of actuarial fairness, incentive to formalization, universalization and simplification of the social security structure. We calculated the balancing contribution rate to the system. The...

The work of Douglass North represents today an important reference for those studying issues related to growth and institutional economics. After the book Institutions, Institutional Change and Economic Performance (1990) and the Nobel prize in 1993, his contributions seem to have been...

This paper contemplates the evolution of Pigou's stance towards the Keynesian Revolution. Preliminarily, a brief contrast between his and Keynes's approach to the problem of unemployment is made. After that, Pigou's first reactions to The General Theory are presented, along with the rejoinder...

This paper analyzes the impact after the entry and the increase in the capital participation of foreign banks in the Brazilian financial institutions. In this sense, taking into account three sub-sets of banks by controlling capital origin - domestic privates, foreigner and public-, an analysis...

This paper uses 1992:1-2004:2 quarterly data and two diferent methods (approximation under lognormality and calibration) to evaluate the existence of an equity- premium puzzle in Brazil. In contrast with some previous works in the Brazilian literature, I conclude that the model used by Mehra and...