We test the degree to which presidential approval ratings are related to a series of economic indicators, controlling for the political scenario in Brazil. Results, from 1999M9 until 2010M5, show that unemployment and the minimum wage are the main variables that affect the ratings. There is also...

This article presents a systematization and quantitative evaluation of the economic literature regarding the Brazilian Development Bank - BNDES - produced since its foundation, in 1952, until 2013. We identified, catalogued, read and analyzed approximately 1000 studies, in order to understand...

We investigate the effects of Central Bank interventions which are designed to smooth exchange rate volatility but are not aimed at a particular trend level. We present a model in which the intervention flow is a non-linear mapping of the market order flow. Simulations show that small daily...

We obtain risk-neutral probabilities of the Brexit referendum using data from both the optionsand prediction markets. We then provide a risk-corrected measure of these probabilities usingboth non-parametric and parametric methods. While former correction marginally changes therisk-neutral...

Portuguese Abstract: Retornos da estratégia de carry trade tem sido explicados usando-se funções de utilidade inseparáveis no tempo que permitem prêmios de risco voláteis. Tipicamente tais funções mimetizam as preferências de economia fechada que dependem de bens duráveis e não...