Central banks' liabilities are still often excluded from debt sustainability analyses, despite the enormous expansions in central banks' balance sheets that we have witnessed in recent years. In this paper, we construct a dataset that consolidates both general government and central bank balance...

The study aims to estimate amounts of investment in the geographic microregions of the North, Northeast and Midwest regions, the preferred territorial scale of the National Regional Development Policy (PNDR). To this end, it is fundamentally based on series of public credit data from regional...

The goal of this paper is to identity the sectors with the greatest potential to contribute to reducing electricity consumption. To this end, we apply the analysis consumption multiplier and the structural decomposition on the hybrid Input-Output Matrix between which combines data from the...

How countercyclical macroprudential credit policies affect the loan spread? To answer this question, we propose a microeconomic model of bank competition that contemplates differences in the behavior of public and private banks and the peculiarities of the market for corporate loans vis-a-vis...

Since the mid 1990s, theories of speculative attacks have argued that fixed exchange rate regimes induce excessive borrowing in foreign currency as an optimal response to implicit guarantees that the government will not devalue the domestic currency. Using data on Brazilian firms before and...

A measure of the propensity to gamble in casinos constructed without any asset price data provides relevant information for asset pricing. This measure of risk appetite improves the fit of conditional asset pricing models such as the conditional CAPM, explains crosssectional differences in...

The adequate availability of infrastructure and its related services, is mandatory condition for further development of the country's competitive advantages, intensifying the productive specialization. Due to limited financial capacity, in the course of the last three decades, there have been an...

The purpose of the paper is to analyze Brazilian exports data between 1962 and 2016 by industries, verifying if the export structure has been modified in recent years towards a pattern more concentrated in primary products, due to a loss of competitiveness. Brazilian exports have been analyzed...