English Abstract: The long-horizon event study methodology is used to document the severe impact of the US subprime mortgage crisis on the Colombian economy. The estimated parameter of a constant mean return model is used to derive the “abnormal return” on the market portfolios of Colombia...

Our objective is to analyze the gravity of panel attrition in the Brazilian Monthly Employment Survey (PME). There are three types of panel attrition: a) random, that does not produce any selection bias; b) function of observables, whose bias can be corrected through an appropriate re-weighing...

This paper investigates the main determinants of grade repetition using the Brazilian school census between 2007 and 2010. For the first time such a study is conducted with all students in a panel. We begin with a brief analysis of attrition in the school census and then estimate logistic...

The goal of this article is to estimate the New Keynesian Phillips Curve for Brazilian economy. Due to some specifications problems in regressions estimated by IV method, the GMM-HAC methodology was used in order to address them. We noted the robustness of the results performing a detailed...

The paper estimates a panel-VAR using data on total expenditures, tax receipts and overall grants received for 5.544 Brazilian municipalities observed from 2002 through 2010. A sequence of hypotheses was investigated by the means of overidentification test statistics. Among our main findings, we...

In this paper we study the relationship between economic growth and environmental degradation through a discussion of the environmental Kuznets curve. We present the main results of an immense literature and assess its implications. Empirically, we reassess the validity of the environmental...

We estimate the Phillips curve with an exchange rate shock to the Brazilian economy. Besides panel data, we estimate the Phillips curve by time series methodology, including Bayesian techniques and Smoothing Transition Regressions (STR) model. The econometric results show three important...

The objective of this article is to understand the main socioeconomic determinants of family cohabitation and new household formation by young adults in Brazilian urban areas. Methodologically, the study adapts the models of De Vos (1989) and Granado and Castillo (2002) to the Brazilian case,...