Speculation, in the spirit of Harrison and Kreps [1978], is introduced into a standard real business cycle model. Investors (speculators) hold heterogeneous beliefs about firm growth. Firm ownership, and thus, the firm's discount factor varies with waves of optimism and leverage. These waves...

Brazil is a federation composed by the Federal Government, twenty-six states and the Federal District and 5,570 municipalities. The organization of the national health system is a shared responsibility of this three spheres of government and must comply to the constitutional principles of...

Battery Energy Storage Systems (BESS) have been implemented in the various systems of the electric sector, from the basic network to the consumer, such scope demands different business models and regulatory structure. In Brazil, the regulatory agenda should include energy storage as an ancillary...

This working paper discusses how decision support can contribute to the formulation of public policies to achieve greater consistency and coherence. If decision support fulfills its role, it is assumed that this favors the design of more efficient and effective government programs. In order to...

This paper debates on modernization of Brazilian agriculture, presents the construction process of the sector's national innovation system and the role of Empresa Brasileira de Pesquisa Agropecuária (Embrapa), as well as shows Brazil's competitive insertion in the international market of...

This research aims to draw a radiograph of the use of evidence by senior bureaucrats of the federal government, from a survey applied between November 2020 and January 2021, with 787 occupants of management and advisory positions (DAS), levels 4, 5 and 6 and related, in organizations of the...

This discussion paper seeks to contribute to the Brazilian urban development debate by analyzing the recent legislation that institutes the Casa Verde Amarela social housing program (CVA). Created in 2020, CVA arose from a provisory executive order (MP 996, of August 25) reformed on January 12,...

This discussion paper seeks to contribute to the Brazilian urban development debate by analyzing the recent legislation that institutes the Casa Verde Amarela social housing program (CVA). Created in 2020, CVA arose from a provisory executive order (MP 996, of August 25) reformed on January 12,...

Ensuring career enhancement and good working conditions for schoolteachers are vital to guarantee learning opportunities for all, as recons the Sustainable Development Goals (SDG) and Brazilian's National Education Plan (PNE). The present study analyses indicators related to schoolteachers,...