This paper attempts to extend empirical investigations about the asymmetric effects of monetary shocks in the Brazilian economy. We specify and estimate a nonlinear smooth transition vector autoregressive model including output, price level, exchange rate and a monetary policy indicator (Selic...

This paper analyzes the macroeconomic impacts derived from the recognition of previously unreported fiscal liabilities during 2015 in Brazil. This is done within a DSGE model with a detailed public sector developed and calibrated for the Brazilian economy. The gradual recognition of these fiscal...

This paper analyzes the macroeconomic impacts derived from the recognition of previously unreported fiscal liabilities during 2015 in Brazil. This is done within a DSGE model with a detailed public sector developed and calibrated for the Brazilian economy. The gradual recognition of these fiscal...

In this paper, we present a calculation of a quarterly series of the labor share in the Brazilian GDP, and an annual estimate based on PNAD (National Household Survey) and the quarterly GDP, for the years in which annual national accounts are not yet available. The theme of the functional...

In this paper, we present a calculation of a quarterly series of the labor share in the Brazilian GDP, and an annual estimate based on PNAD (National Household Survey) and the quarterly GDP, for the years in which annual national accounts are not yet available. The theme of the functional...

By exploring the implications of a Multi-Sector Thirlwall’s Law, this paper reports empirical exercises that contribute to an understanding of the relationship between structural change, external constraint and growth in Brazil in the 1962-2006 period. Given the sectoral nature of these...

Spanish Abstract: Indonesia ha sido tradicionalmente uno de los centros globales de abastecimiento de commodities, al punto que la búsqueda de una ruta alternativa a ella desencadena el descubrimiento de América. A pesar de su tradicional importancia, esta y muchas otras facetas suyas se...

This paper estimates the stock of fixed capital for Brazil, 1950-2002 by the perpetual inventory method. Estimates are disaggregated according to the type of capital (construction and machines and equipments), institutional sector (government and private). Main source of data are the series on...

The role of human capital on the development process has been recognized as a crucial element by many researchers. Nevertheless, many empirical results have showed no correlation between human capital and income per capita level or between human capital and growth rates. It is argued that the...