In this study we investigate the performance of Brazilian industry based on productivity and efficiency indicators. We associate productivity with the concept of total factor productivity (TFP) while efficiency is measured based on the stochastic frontier production model that indicates how far...

In this paper I assess empirically the sign of the uncertainty-investment relation in Brazil within a quadratic adjustment cost model. It is shown that these variables are negatively related in the Brazilian economy. The implication is that investment can be enlarged with the adoption of a...

This paper builds a small size dynamic stochastic general equilibrium (DSGE) model with government, aiming to replicate key features of the Brazilian economy. I first calibrate and then I use Bayesian methods to estimate the model for Brazil, with 20 years of quarterly aggregate data. Contrary...

This paper investigates the apparent paradox of the mid 2000's sharp reduction in the deforestation of the Brazilian Amazon that happened alongside fast growing commodity markets. Particular attention is given to the role played by PPCDAM, an environmental policy introduced by the federal...

This paper proposes an environmental DSGE model with deforestation of a tropical rain forest. The forest can be used to produce goods, but it also affects the well-being of the representative individual. Environmental policy is implemented with the taxation of the deforestation activity. We...

Reverse mortgage is a financial instrument that allows elderly homeowners to enjoy an additional income until the end of their lives, when the property is taken by the financial institution that provided the benefit. Based on data from the continuous PNAD of 2019 and considering the property...

In this paper I use Ghosh et al. (2013) approach to assess Brazil's fiscal sustainability, fiscal fatigue, and public debt limit. Using monthly data for the last 21 years, I estimate Brazil's fiscal reaction function and an eventual fiscal fatigue effect, which is a lack of government's will (or...

This paper analyzes the production diversity among Brazilian agricultural family farms, using the DAP (declaration of Pronaf entitlement). The diversity is measured with a Simpson index, that goes from zero, for monocultures, to one. Production is considerably diversified in these types of...