This study analyzes trends in average commute times in Brazil between 1992 and 2009. It distinguishes between the nine largest metropolitan areas plus the Federal District of Brasília and describes how differences among these areas vary according to income levels and gender. This paper is based...

The study presents a macro-finance model to analyze the impacts of a fiscal policy shock in the Brazilian term structure of interest rate in the period 1999-2010. Fiscal policy explains a higher proportion of the long-term interest rate variance (25% of the five years rate) comparing to the...

This study investigates the determinants of the great difference between winning bids and reserve prices in the transmission electricity sector in Brazil between 1999- 2010, through an econometric approach based on Heckman (1979) that considers the heterogeneous among the winner's and loser’s...