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 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 article analyzes the work polarization in Brazil. We can define polarization as the difference between the observed ratio of workless households and the ratio that would prevailed if the work was randomly assigned to people. For example, imagine a simplified world with only two households...

This paper tests Phillips curves using an autoregressive distributed lag (ADL) specification that encompasses the New Keynesian Phillips curve (NKPC), the Hybrid Phillips curve (HPC), the Sticky-Information Phillips curve (SIPC), and the accelerationist Phillips curve (APC). We use data from...

The paper aims to evaluate the economic impact of the North Constitutional Regional Fund (FNO). The study uses different spatial scales to analyse the impact of FNO on gross national product (GDP) per capita growth between 2004 and 2010. In sum, the fixed effects panel data estimations show that...

The paper aims to evaluate the economic impact of the Center-West Constitutional Regional Fund (FCO). The study uses different spatial scales to analyse the impact of FCO on GDP per capita growth between 2004 and 2010. The results of the fixed effects panel data estimations show that FCO impacts...

The study evaluates the Constitutional Financing Fund for the Center-West (FCO) in the state of Goiás between the years 2004 and 2011, using Rais microdata, and loans from the FCO "Empresarial" Program. The results show a positive and statistically significant impact of the FCO on employment...

This paper aims to evaluate the economic impacts of the Northeast Regional Fund (FNE). This study combines evaluations using different spatial scales that provide robust results of impact of the FNE loans on the GDP per capita growth between 2004 and 2010. The resu lts of fixed effect models...