No mercado de trabalho, observa-se que os trabalhadores de empresas com elevado risco de falência têm salários mais baixos que a média. Aparentemente, esta observação é contrária ao previsto pela teoria financeira relativamente a agentes racionais e avessos ao risco que prevê que os...

O objetivo deste artigo é analisar a validade no uso de políticas fiscais anticíclicas, na tentativa de identificar a propensão à estabilidade num modelo macrodinâmico incorporando um regime de metas inflacionárias como arcabouço operacional para o controle da inflação numa economia...

O presente artigo apresenta um modelo dinâmico não linear que gera um ciclo-limite a partir de duas equações diferenciais, onde uma dessas equações representa a dinâmica do ajustamento de preços e a outra o ajustamento das quantidades, em um contexto em que prevalecem preços e salários...

During the decision process, one has to take into consideration more than one criterion, the alternative that meets as many criteria as possible being chosen eventually. As it is impossible to reach the maximum level that is wished for separately for each criterion at the same time, one has to...

This survey analyzes two types of models: 1. Models based on assumptions of monetary and financial market equilibrium disturbance in line with mainstream thinking to believe that is self-regulating market, the units would have rational expectations, an the crisis would be a temporary phenomenon...

After the publication of The General Theory of Employment, Interest and Money (hereafter, GT), an intense debate about its main preposition – that the long-run equilibrium of the economy is a position of involuntary unemployment – was established. The consensus view that emerged from it,...

The use of the software package is today indispensable for modeling of financial decisions. Business organizations will invariably make greater demands of the software than individual users. Excel is an option along with other software applications tailored to the market, and bespoke (in-house)...

This paper calculates the optimal monetary policy rule for Brazilian economy, assuming that monetary authority adopts a flexible inflation targeting regime in which, besides the inflation target, there is also a target for public debt/GDP ratio. According to the open economy proposed model, risk...