We consider the effect of MERCOSUR on trade between Brazilian states and on trade of Brazilian states with the rest of the world. We use a gravity model to shed light on the possible diversion effect of MERCOSUR. Thanks to the data on inter-state trade only for four years including one available...

The omnipresence of professional experts in the debates and marketing strategies about movies raises the question of the proximity of their judgments with those of the ordinary consumers. Two theoretical perspectives compete on this matter: that of the divergence or convergence of tastes. Based...

The omnipresence of professional experts in the debates and marketing strategies around movies raises the question of the proximity of their judgments with those of the "ordinary consumer". Two theoretical perspectives compete on this matter: divergence or convergence of tastes. Based on a...

In this paper, we investigate the interactions between public debt and transfer policies in a framework based on Floden [2001], that we extend to allow for transitional dynamics between steady states. First, we show that, starting from a high level of public debt, it is possible to implement a...

Subjective welfare is an increasingly important topic for empirical literature. Several factors (psychological, socio-demographic and economic) are proposed to explain subjective welfare. Until now, research on subjective welfare has primarily focused on developed countries. Very little research...

This paper reconsiders the impact of public debt in an economy with heterogeneous households and incomplete markets to emphasize the short-run effects of an increase in public debt. As compared to models that rest on steady-state analysis, we show that the welfare gains of a public debt increase...