We use a dynamic term structure model with default and observable factors to study the interaction between macro variables and the Brazilian sovereign yield curve. We also calculate the default probabilities implied from the estimated model and the impact of macro shocks on those probabilities....

This paper analyzes the productivity of farms across 370 municipalities in the Center-West region of Brazil. A stochastic frontier model with a latent spatial structure is proposed to account for possible unknown geographical variation of the outputs. The paper compares versions of the model...

This paper describes the inference procedures required to perform Bayesian inference to some multivariate econometric models. These models have a spatial component built into commonly used multivariate models. In particular, the common component models are addressed and extended to accommodate...