Estudos sobre os determinantes da estrutura a termo de taxa de juros brasileira são recentes. Um melhor entendimento sobre os determinantes da mesma é importante, entre outras razões, para política econômica. Existem duas visões extremas sobre estrutura a termo. A primeira argumenta que as...

Neste artigo fazemos a avaliação do impacto da adoção do regime de ciclos ao longo da distribuição intra-classe de proficiência em matemática e em língua portuguesa. A população de interesse é o das crianças matriculadas nas 4ª e 8ª séries (5º e 9º ano). Os resultados indicam...

This paper aims to examine if the use of modern protocol for time series data analysis corroborates the results found previously in the literature. Specically, we inspect the non structuralists arguments developed in the 1970s about monetary policy eects. The contributions of this paper are-(a)...

This paper proposes the measurement of inequality of opportunity index (IOp) for Brazilian municipalities, based on data from the 2010 Demographic Census. With this, we create a base of municipal social (and state) information which can be added to the indicators provided by IPEA and João...

We study semiparametric two-step estimators which have the same structure as parametric doubly robust estimators in their second step. The key difference is that we do not impose any parametric restriction on the nuisance functions that are estimated in a first stage, but retain a fully...

Motivated by a novel stylized fact { countries with isolated capital cities display worse quality of governance { we provide a framework of endogenous institutional choice based on the idea that elites are constrained by the threat of rebellion, and that this threat is rendered less e ective by...

This paper investigates the competitive aspects of multi-product banking operations. Extending Panzar and Rosse (1987)’s model to the case of a multi-product banking firm, we show that the higher the economies of scope in multi-product banking are, the lower Panzar-Rosse’s measure of...

The Capitalist Revolution was the period of the transition from the ancient societies to capitalism; it was a long transition that began in the north of Italy, in the 14th century, and for the first time got completed in England, in the second part of the 18th century, with the formation of the...

Top management from retail banks must delegate authority to lower-level managers to operate branches and service centers. Doing so, they must navigate through conflicts of interest, asymmetric information and limited monitoring in designing compensation plans for such agents. Pursuant to this...