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...

Fixed Capital has a major role in economic growth literature and on the estimation of potential output using a production function - which is essential to design macroeconomic policy. One of the main contributions of this work, differently from the previous works, is to estimate the capital...

One of the main social economic problems observed in the majority of countries, in particularly, in the less developed countries, is the high level of income inequality and poverty. In Brazil, these facts are especially important because our country presents one of the worst income distributions...

One of the main socioeconomic problems observed in most countries – particularly in less developed countries – is the presence of high income inequality and poverty level. Several empirical works have attempted to analyze their major determinants as well as their effect on some indicators...

One of the main social economic problems observed in the majority of countries, in particularly, in the less developed countries, is the high level of income inequality and poverty. In Brazil, these facts are especially important because our country presents one of the worst income distributions...

In this paper, we evaluate the impact of a qualification program for young people in which training is fully offered by a group of potential employers. We perform this evaluation comparing such initiative to the Jovem Aprendiz Program, whose participants make up a pertinent control group in...