Showing 1 - 10 of 1,111
Persistent link: https://www.econbiz.de/10001569696
English Abstract: One of the most discussed topics in ​​finance theory is how markets are informationally structured …,1970), derived from utility theory with its assumptions about the modeling of human behavior, totally rational and … the sectors, for a identification of evidences that will be reject or not the theory, and secondly, to explain the …
Persistent link: https://www.econbiz.de/10012933883
Portuguese Abstract: O crescimento vigoroso da indústria de Private Equity no mundo gerou questões fundamentais, como por exemplo explicar se as empresas abertas previamente investidas por estes gestores geram retornos reais aos seus acionistas, após o evento do IPO. Pouco se analisou,...
Persistent link: https://www.econbiz.de/10012949907
Persistent link: https://www.econbiz.de/10001240326
Persistent link: https://www.econbiz.de/10001439451
This article presents various econometric specifications - most notably Markov- Switching models - for the fiscal reaction function of the Brazilian consolidated public sector after the 1994 ?Real Plan?. The results reported here strongly suggest that a major structural break has happened in the...
Persistent link: https://www.econbiz.de/10010330486
This paper presents new econometric specifications for the Brazilian exports in the period 1995-2009 using data from the Quarterly Accounts and allowing for nonlinearities. In the cointegrating vector, there is evidence of a level shift, but the elasticities have not changed significantly. The...
Persistent link: https://www.econbiz.de/10010330553
This study suggests an alternative approach, nested in exogeneity tests, to verify Ricardian Equivalence. The intuitive appeal and the sophisticated statistical method are the advantage of this new procedure. Furthermore, two others contributions are made: a) an explanation to the failure of...
Persistent link: https://www.econbiz.de/10010330597
This paper shows new econometric estimates for the Brazilian function of aggregate imports. Besides the basic relation, which includes income and relative price and identifies a demand equation (canonic model), we explore the pronounced co-movements between total imports, household consumption...
Persistent link: https://www.econbiz.de/10010330641
This paper estimates the Brazilian NAILO (Nonaccelerating Inflation Level of Output), obtains (Bayesian) probability bands for the Nailo and for its growth rate, and investigates the relationship between deviations of output with respect to the Nailo and the acceleration of inflation. As...
Persistent link: https://www.econbiz.de/10010330689