In this article, we analyze the efficiency of Brazilian local legislative branches using the nonparametric estimator FDH (Free Disposal Hull). At the regional level, the results show high concentration of local legislative branches in the south. In addition, among the inefficient local...

In this article, we analyze the efficiency of Brazilian local legislative branches using the nonparametric estimator FDH (Free Disposal Hull). At the regional level, the results show high concentration of local legislative branches in the south. In addition, among the inefficient local...

We study model selection strategies based on penalized empirical loss minimization. We point out a tight relationship between error estimation and data-based complexity penalization: any good error estimate may be converted into a data-based penalty function and the performance of the estimate...

This study aims to analyze price discovery in the foreign exchange market in Brazil and indicate which market (spot or futures) adjusts more quickly to the arrival of new information. Using high frequency data from January/2008 to June/2013, we estimate the following price discovery metrics:...

In this paper, the relationship between macroeconomic fundamentals and asset prices is explored by estimating the impact of macroeconomic announcements in the Brazilian futures market. Using intraday data from October 2008 to January 2011, results show that external macroeconomic announcements...

In this paper, the relationship between macroeconomic fundamentals and asset prices is explored by estimating the impact of macroeconomic announcements in the Brazilian futures market. Using intraday data from October 2008 to January 2011, results show that external macroeconomic announcements...

This study aims to analyze price discovery in the foreign exchange market in Brazil and indicate which market (spot or futures) adjusts more quickly to the arrival of new information. Using high frequency data from January/2008 to June/2013, we estimate the following price discovery metrics:...

This text evaluates the effect of the BNDES Finame credit program on the survival of Brazilian firms, separated according to their size, between 2002 and 2016. To this end, we employ the survival analysis method. In this work, we use the microdata bases of RAIS and BNDES financing operations....

Diversos estudos têm mostrado os benefícios do comércio internacional para o Brasil de uma redução de tarifas. Com um modelo de equilíbrio geral computável (GTAP) são simuladas quatro alternativas: abertura ampla na OMC; negociação entre Mercosul e União Européia (Mercoeuro); ALCA; e a...