Space-varying regression models are generalizations of standard linear models where the regression coefficients are allowed to change in space. The spatial structure is specified by a multivariate extension of pairwise difference priors thus enabling incorporation of neighboring structures and...

Institutional characteristics of each country acquire increasingly importance in the economic literature of the determinants of growth, investment and risk perception, especially in emerging economies. The objective of this work is to quantitatively assess the impact of institutional quality...

It is almost a consensus that the ongoing transformations in the Brazilian demographic structure press for urgent changes in the current social security rules as the objective of guaranteeing the actuarial balance of the national pension system. It is therefore important to predict the impact of...

The neigbohood effect was used to analyze two problems of farm activity in Brazil. The first estimate a measure of total factor productivity for 550 homogeneous micro region, that is defined as a latent variable with the spatial trend propriety. The second analyze the occupation process in the...

This paper describes the inference procedures required to perform Bayesian inference to some multivariate econometric models. These models have a spatial component built into commonly used multivariate models. In particular, the seemingly unrelated regression and vector autoregressive models are...

The high interest rates offered in Brazil can be seen as a limit for the Brazilian economic growth. This is one of the current major Brazilian debates where political and monetary authorities aim to search the causes of these high yields to suggest public policies for its reduction. This paper...

The functioning of the labor market can be represented by worker flows, and the fluctuation of these flows determines the fluctuation of unemployment. The literature measures the importance of a flow such as the proportion of the variance of long-term or stationary unemployment that is explained...

This paper is concerned with the study of Bayesian inference procedures to commonly used time series models. In particular, the dynamic or state-space models, the time-varying vector autoregressive model and the structural vector autoregressive model are considered in detail. Inference...

The monetary authorities need a future measure of inflation trend to keep on tracking the inflation on target. Many alternatives of the core inflation measure have appeared in the recent literature pretending to avoid the deficiencies of the usual headline inflation index as a predictor. This...