We consider a leader and a subordinate he appoints who engage in team production. The public observes the organization’s performance, but is unable to determine the separate contributions of the leader and of the subordinate. The leader may therefore claim credit for the good work of his...

Fixed Capital has a major role in economic growth literature and on the estimation of potential output using a production function - which is essential to design macroeconomic policy. One of the main contributions of this work, differently from the previous works, is to estimate the capital...

Fixed Capital has a major role in economic growth literature and on the estimation of potential output using a production function - which is essential to design macroeconomic policy. One of the main contributions of this work, differently from the previous works, is to estimate the capital...

O artigo tem dois objetivos: por um lado, elabora-se, à luz da Hipótese de Fragilidade Financeira de Hyman Minsky, um Índice de Fragilidade Financeira para a estrutura financeira do setor público; por outro, analisa-se, a partir do referencial elaborado, a referida estrutura financeira para...

O presente Report Card apresenta uma primeira visão global das desigualdades no bem-estar das crianças em 24 dos países mais ricos do mundo. São examinadas três dimensões da desigualdade: bem-estar material, educação e saúde. Em cada um dos casos e para cada país, a questão que se...

The objective of this article is to investigate whether, despite of the goal of utility maximization defended by the neo-classic economic theory, the altruism can prevail inside organizations. Initially, one brief discussion of the altruism will be presented, analyzing this concept from some...

This paper examines if taking into account changes in the number of producers, or equivalently changes in the product variety space over the business cycle, helps to understand and replicate international business cycle facts. To this end, we develop a two-country model in which the economy is...