We consider two two-sided matching markets, where every agent has an amount of units of a divisible good to be distributed among the partnerships he forms and exchanged for money. Both markets have the same sets of feasible allocations but operate under distinct rules. However they are...

In the one-sided Assignment game any two agents can form a partnership. If this is done, the partners undertake some joint activity, which produces a gain that is split between them. We approach this model by focusing on simple outcomes - feasible and individually rational outcomes where only...

According to theory, the level of short-selling can predict short-run future returns throughout two channels. One is related to the demand-side of the stock lending market: short-sellers are informed. The other is related to the supply-side: short-sellers are restricted. Measuring the importance...

We empirically study how the communication of the Central Bank of Brazil affects the term structure of interest rates. Using an algorithm that classifies the words from the Central Bank minutes into predetermined semantic themes, we estimate a time-series factor related to Central Bank optimism....

Using data on all lending deals in the Brazilian stock market from 2009 to 2011, we provide answers to: i) are short-sellers informed in Brazil?, ii) which short sellers are informed?, and iii) how are short sellers informed? The answer to the first question is positive, the Brazilian...

We provide evolutionary game-theoretic microfoundations to a dynamic complete nominal adjustment in response to a monetary shock. To this end, we develop an approach based on a new analytical notion to which we refer as boundedly rational inattentiveness. We investigate the behavior of the price...

The event of the Israeli bombing in Lebanon in the summer of 2006 is a unique example of a recent man-made disaster. The bombing actions were concentrated in time – they lasted roughly one month so that the time frame is still considered short in an economic modeling sense; they were also...

This paper evaluates the systemic impact of climate variations in a regional perspective using an interregional CGE model integrated with a physical model estimated for agriculture in order to catch the effects of climate change. The climate anomalies are estimated for 2005 and represent...

This paper studies fiscal policy in a model of sovereign debt and default. A time-inconsistency problem arises: since the price of past debt cannot be affected by current fiscal policy and governments cannot credibly commit to a certain path of tax rates, debtor countries choose suboptimally low...

In this paper we present the interisland input-output system for the Azores. It includes the economy of the nine islands of the archipelago, considering 25 different economic activities. The paper also analyses the impacts of the main drivers of the islands economy incorporating both spillover...