Rational Expectations
Mostrando 1-12 de 26 artigos, teses e dissertações.
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1. Welfare Consequences of Persistent Climate Prediction Errors on Insurance Markets against Natural Hazards
Resumo Este artigo estuda as consequências da fricção entre dois grupos de agentes econômicos, com e sem expectativas racionais, sobre o bem-estar econômico em um mercado de seguro incompleto. Utilizando modelagem econométrica, validamos essa fricção empiricamente e testamos a existência de heterogeneidade adicional na probabilidade de pertencimento
Estud. Econ.. Publicado em: 10/07/2019
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2. The Capital Mistake: Local Information and National Electoral Reforms
Electoral reforms are often portrayed as strategic decisions by rational actors. However, expectations about the electoral consequences of reforms are not always realized ex post. I argue that these strategic mistakes occur because of information failures. Even though electoral reforms are decided at a national level, electoral information is geographically
Bras. Political Sci. Rev.. Publicado em: 2015-12
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3. A Common-Feature Approach for Testing Present-Value Restrictions with Financial Data
It is well known that cointegration between the level of two variables (labeled Yt and yt in this paper) is a necessary condition to assess the empirical validity of a present-value model (PV and PVM, respectively, hereafter) linking them. The work on cointegration has been so prevalent that it is often overlooked that another necessary condition for the PVM
Escola de Pós-Graduação em Economia da FGV. Publicado em: 24/02/2012
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4. A afirmação da previsibilidade no direito tributário
Predictability is the element that makes social relations as rational. In law, the premise is situated on the upper level of the principles and rules, because all rules must be inspired by predictability. In tax law, predictability should guarantee the rights of taxpayers and can also serve the interests of the Exchequer. The predictability in favor of the t
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 11/08/2011
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5. Exogenous expectations on endogenous uncertainty: recursive equilibrium and survival
This paper analyses general equilibrium models with finite heterogeneous agents having exogenous expectations on endogenous uncertainty. It is shown that there exists a recursive equilibrium with the state space consisting of the past aggregate portfolio distribution and the current state of the nature and that it implements the sequential equilibrium. We es
Escola de Pós-Graduação em Economia da FGV. Publicado em: 18/04/2011
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6. A demanda por moeda no Brasil no período 1974-2008: estimativas sob expectativas adaptativas e racionais / The demand for money in Brazil during 1974-2008: etimates under rational and adaptative expections
O objetivo principal desta dissertação é analisar a demanda por moeda no Brasil no período 1974 a 2008, lembrando que ele inclui sub-períodos de inflação elevada, e baixa, e levando em conta hipóteses alternativas quanto à formação de expectativas. A especificação adotada é a de Tourinho (1995), que generaliza a de Cagan (1956) para permitir um
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 28/09/2010
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7. Antecedentes da lealdade e da permanência de alunos em uma instituição de ensino superior
Analyze the antecedents of loyalty and permanence of students in undergraduate courses in an Institutions Higher Education (IES) is the goal of this research. To this it is proposed to test two theoretical models of the determinants of loyalty and permanence of students at university. The study design was descriptive method with quantitative, assess or surve
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 26/02/2010
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8. Análise do pairs trading sob o enfoque das teorias de precificação de ativos financeiros
Buscou-se, neste trabalho, aproximar teoria e prática financeira, através de um estudo sobre a estratégia Pairs Trading, analisada sob a luz do conhecimento teórico produzido a partir da segunda metade do século XX. Com isso, o interesse do trabalho ficou estabelecido em observar, para o caso específico do Pairs Trading, o quanto de conhecimento teóri
Publicado em: 2010
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9. ENSAIOS SOBRE A FORMAÇÃO DE EXPECTATIVAS DE INFLAÇÃO / ESSAYS ON INFLATION EXPECTATIONS
This dissertation is divided in four papers about monetary policy. Initially, we evaluate how inflation expectations are formed in BrazilOur results suggest that data do not follow what rational or adaptive expectations would predict. Using two different methods to measure the informational readjustment frequency in Brazil, we find evidence that inflation ex
Publicado em: 2008
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10. Método, equilíbrio, expectativas e desemprego: o debate entre keynesianos e neoclássicos
The present work aims to provide a critique to the Walrasian approach in Macroeconomics. The debate between Keynesians (Keynes, New Keynesians and Post-Keynesians) and Neoclassical (Monetarists and New Classical) about method, expectations, and equilibrium is presented. Trying so to refuse Lucass critique, which says that Keynes did not respect economic anal
Publicado em: 2008
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11. O mercado de câmbio e a taxa de câmbio na economia brasileira: 1999 a 2007 / The market exchange and the exchange rate in Brazilian economy: 1999 the 2007
The process of commercial opening and flexible of capital account, started in the 1990s, ally to the adoption of a regimen of floating change, since of January of 1999 and transformed the tax of change in one of the main Brazilian economic variables. Faced with that, this work analyzed the impacts of variations in the tax of change on the other economic vari
Publicado em: 2008
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12. Prospective analysis of the pattern of expansion of the sector sucroenergético Brazil: an application of probabilistic models with data-georeferenciated / Análise prospectiva do padrão de expansão do setor sucroenergético brasileiro: uma aplicação de modelos probabilísticos com dados georeferenciados
With expectations of a growing international market for biofuels, where Brazil would be a natural leader in the ethanol, several questions arise regarding the sustainability of Brazilian ethanol expansion: what would be the environmental, social and economic inpacts of sugarcane expansion in a scenario of significant ethanol exports? What regions would be mo
Publicado em: 2008