Krugman (1979) developed a canonical model of currency crises and speculative attack. Later, it was called "models of 1st generation". In this context, this paper analyzes the model of Krugman (1979) to Brazil, in the period of January of 1995 to December of 1998. We used the test of Granger...

This article evaluates whether the Brazilian fiscal policy in the 1980, 1990 and 2000 was believable to cooperate to maintain price stability. Accordingly, if the costs for program maintenance of price stability outweigh the benefits, there is no incentive for the government to keep it. Within...

This article uses a crisis index based on an average of the variations in currency and financial crises indicators, referred to as “twin crises”, adjusting them to the same volatility. Thus, the objective is to measure the degree of vulnerability to twin crises within a group of 19 countries...

This paper compares cost efficiencies of Brazilian public and private companies of water supply. To measure efficiency a Cobb-Douglas stochastic cost frontier model including technical effects is estimated by maximum likelihood to a panel of Brazilian firms for the period 2002-2004. The...

This paper shows a world where the individual practices concomitantly legal and illegal activities in two period of their lifetime. The results of the two-period model unveil that effectiveness of anti-money laundering policies and increase of probability of the agent to be apprehended and...

This paper aims to derive an optimal monetary policy rule in a context of fiscal disequilibrium and to empirically test whether Brazil presents active or passive fiscal and monetary policies. We analyze the transmission channels of the fiscal and monetary policies through estimation of a Philips...

This article analyses the main determinants of income per capita based on a sample of 50 countries for the period 2005 to 2009, using multivariate statistics. The results show that institutional indicators (heterodox) have a greater impact on the welfare of the population than the traditional...

This article investigates the degree of tolerance to higher inflation rates in the short run by the presidents of the Brazilian Central Bank in the period 2001-2012. We used monthly data and various specifications of the Taylor rule were estimated via GMM. In general, the results show the...

This paper examines how Brazil's government interventions, via economic policy affects the total factor productivity (TFP) and the industrial production growth rate in the period of 1998:4 to 2012:1. The study uses nine indicators of economic policy and the empirical results show that high...

This paper compares the technical efficiency of Brazilian public and private companies in water supply. To measure efficiency a stochastic production frontier model is estimated using two competitive distributions for the inefficiency error component: truncated normal and exponential. The...