The literature paid some attention, some time ago, to the relationship that, supposedly, should exist between the level of consumer confidence and the unemployment rate. This relationship is interesting, both from a scientific point of view, given the inherently subjective character of that...

Purpose This study aims to elucidate the dynamics of monetary and fiscal policy interactions in Brazil, focusing on the impacts of positive shocks in government consumption and interest rates. By comparing rational and behavioral agent responses, it clarifies how these frameworks influence gross...

A Monte Carlo experiment is used to examine the size and power properties of alternative Bayesian tests for unit roots. Four different prior distributions for the root that is potentially unity – a uniform prior and priors attributable to Jeffreys, Lubrano, and Berger and Yang – are used in...

This report presents the 2021 update of the Innovation Output Indicator (101), which is a composite indicator periodically published by the European Commission since 2013 aiming to quantify the extent to which ideas for new products and services carry an economic added value and are capable of...

House price bubbles, and their aftermath, have become a focus of macro-economic policy concern in most developed countries. Structured into three parts, this book elucidates the two-way relationship between house-price fluctuations and economic fundamentals.