The vector autoregressive and structural vector autoregressive (VAR/SVAR) models are the cornerstone of the contemporaneous empirical macroeconomic research, in particular for measuring the impact of fiscal policy shocks. They may be employed as atheoretical models, as well as a mean to support...

So far, there are very few papers concerning the problems of non causality and non-fundamentalness in fiscal studies. This is even truer for Brazil. Non causality and non fundamentalness are econometric problems that are specially relevant in fiscal studies, as they are relate to fiscal...

So far, there are very few papers concerning the problems of non causality and non-fundamentalness in fiscal studies. This is even truer for Brazil. Non causality and non fundamentalness are econometric problems that are specially relevant in fiscal studies, as they are relate to fiscal...

The vector autoregressive and structural vector autoregressive (VAR/SVAR) models are the cornerstone of the contemporaneous empirical macroeconomic research, in particular for measuring the impact of fiscal policy shocks. They may be employed as atheoretical models, as well as a mean to support...

The Mortality Information System (Sistema de Informações sobre Mortalidade - SIM) is the only statistically reliable nationwide database that allows calculating the annual homicide rates for each Federative Unit (FU) since 1980. Concerning to data on violent deaths, two elements, however, may...

This paper aims to evaluate empirically the economic effects of loans from Constitutional Financial Funds to the National Program for Strengthening Family Agriculture (Pronaf) in the municipalities of their respective regions. In addition to the data of those loans for the period 2012-2016, we...

The main goal of this paper is to combine micro and macro-evaluations of the Constitutional Financing Funds for the Northeast (FNE) focusing on the analysis of Ceará state in order to control for spatial heterogeneity. It aims to measure the impact of the FNE industrial loans on employment and...

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...

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 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...