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Aspectos macro e microeconômicos das reformas brasileiras
In: Serie reformas económicas 63
Brasil: o custo do atraso no equacionamento da questão fiscal
In: Brazilian journal of political economy: Revista de economia política, Band 37, Heft 4, S. 704-718
ISSN: 0101-3157
World Affairs Online
On the Statistical Estimation of Diffusion Processes - A Survey
In: Forthcoming, Brazilian Review of Econometrics
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Working paper
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Working paper
The N-Dimensional Bailey-Divisia Measure as a General-Equilibrium Measure of the Welfare Costs of In flation
In: Economics Letters, Band 113, Heft 2
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Globalização: a certeza imprevisível das nações
In: Revista de economia política: Brazilian journal of political economy, Band 28, Heft 4, S. 700-702
ISSN: 1809-4538
An intra-household approach to the welfare costs of inflation
In: Estudos econômicos, Band 36, Heft 3, S. 593-609
ISSN: 1980-5357
The literature on the welfare costs of inflation universally assumes that the many-person household can be treated as a single economic agent. This paper explores what the heterogeneity of the agents in a household might imply for such welfare analyses. First, we show that allowing for a one-person or for a many-person transacting technology impacts the money demand function and, therefore, the welfare costs of inflation. Second, more importantly, we derive sufficient conditions under which welfare assessments which depart directly from the knowledge of the money demand function (as in Lucas, 2000) are robust (invariant) under the number of persons considered in the household. Third, we show that Bailey's (1956) partial-equilibrium measure of the welfare costs of inflation can be obtained as a first-order approximation of the general-equilibrium welfare measure derived in this paper using a many-person transacting technology.
An Intra-Household Approach to the Welfare Costs of Inflation
In: Estudos Economicos vol.36 no.3 São Paulo July/Sept. 2006
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Public Debt Indexation and Denomination, the Case of Brazil: A Comment
In: Ensaios Economicos No. 579
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Working paper
Equity-Premium Puzzle: Evidence from Brazilian Data
In: Economia Aplicada Vol.10 No.2 Ribeirão Preto April 2006
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Inflation and Income Inequality: A Link Through the Job-Search Process
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On the Positive Correlation between Income Inequality and Unemployment
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Solving the Non-Convexity Problem in Some Shopping-Time and Human-Capital Models
In: Ensaios Economicos No. 567
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Working paper
Income Inequality: The Role of Impatience in a Job-Search Process
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Working paper