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Fundamental education is mainly provided by municipalities according to a decentralized model in which local management transforms resources transferred by the federal government into educational results that are centrally monitored. This mode of operation is conducive to the evaluation of...
Persistent link: https://www.econbiz.de/10011689149
The Household Budget Survey from IBGE is the only source of microeconomic data on savings of Brazilian families. As this research has been carried out at intervals of at least five years, it is important to discuss and empirically assess whether the estimated models with latest lagged research...
Persistent link: https://www.econbiz.de/10011595522
The evolution of the yields of different maturities is related and can be described by a reduced number of commom latent factors. Multifactor interest rate models of the finance literature, common factor models of the time series literature and others use this property. Each model has advantages...
Persistent link: https://www.econbiz.de/10012053243
Persistent link: https://www.econbiz.de/10012053317
Based on three versions of a small macroeconomic model for Brazil, this paper presents empirical evidence on the effects of parameter uncertainty on monetary policy rules and on the robustness of optimal and simple rules over different model specifications. By comparing the optimal policy rule...
Persistent link: https://www.econbiz.de/10012001888
Based on three versions of a small macroeconomic model for Brazil, this paper presents empirical evidence on the effects of parameter uncertainty on monetary policy rules and on the robustness of optimal and simple rules over different model specifications. By comparing the optimal policy rule...
Persistent link: https://www.econbiz.de/10012007894
Regulation in the sanitation sector in Brazil is facing a great deal of debate regarding the government level in which conceding authority should reside and how private operators can fulfill social objectives. The main objective of this study is to show that these issues are not the crucial...
Persistent link: https://www.econbiz.de/10012023809
The objective of our work is to study the term structure of interest rates and the sovereign credit spreads of emerging markets. We develop a model from term structure, credit risk and vector autoregressive models, based on the articles by Ang and Piazzesi (2003) and Ang, Dong and Piazzesi...
Persistent link: https://www.econbiz.de/10012025179
We propose a management tool to identify groups of public schools that have similar standards of performance and therefore need similar support and guidance.The student's result is measured with the "Prova Brasil" (PB) for mathematics and for Portuguese language, and with an indicator of the...
Persistent link: https://www.econbiz.de/10011942145
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...
Persistent link: https://www.econbiz.de/10012111412