The paper discusses the use of indicators, constructed with data from North American industrial sectors, and their application in the discussion of public policies, especially in competition policy, and to a lesser extent, in foreign trade policy. The premise is that the structure of domestic...

We provide a new theory for nodewise regression when the residuals from a fitted factor model are used to apply our results to the analysis of maximum Sharpe ratio when the number of assets in a portfolio is larger than its time span. We introduce a new hybrid model where factor models are...

We adopt an artificial counterfactual approach to assess the impact of lockdowns on the short-run evolution of the number of cases and deaths in some US states. To do so, we explore the different timing in which US states adopted lockdown policies, and divide them among treated and control...

This paper proposes a generalization of the class of realized semivariance and semicovariance measures introduced by Barndorff-Nielsen, Kinnebrock and Shephard (2010) and Bollerslev, Li, Patton and Quaedvlieg (2020a) to allow for a finer decomposition of realized (co)variances. The new "realized...

This paper estimates the dispersion of GDP per capita among Brazilian municipalities, from 1920 to 2016, and between it's states, from 1939 to 2017, by Gini index calculus. The results confirm Williamson's hypothesis (1965), that the dynamic of regional inequalities describe an inverted U...

This study investigates the performance of interest groups in standing committees from the Brazilian Chamber of Deputies, in the 2011-2015 legislature. It is based on the premise that two activities are the main strategies of these groups to influence the legislative process: corporate campaign...

The objective of this work is to analyze the impact of fiscal decentralization on the behavior of Brazilian municipal policy makers. This work uses the first three cutoffs of the transfer rules of the Municipal Participation Fund (FPM) and applies a Discontinuous Regression model (RDD) to...

This Discussion Paper addresses the main open government initiatives active in the Federal Government in 2019, in an attempt to trace the characteristics of the Brazilian scenario of internet use and promotion of transparency. After a theoretical discussion on the subject of digital democracy...

This study aims to investigate the patterns and patterns of distribution of funds from the National Bank for Economic and Social Development (BNDES) on industry and infrastructure, with emphasis on the sectorial and regional vectors of its performance in Brazil. The approach is based on the use...

This report proposes to present and analyze the impacts of the set of standards and recommendations present in the Guidelines for Multinational Companies (OECD, 2011). This document represents the main initiative carried out by a multilateral organization, with the objective of guiding the...