Foram estimadas duas versões do produto potencial para o Brasil no período 1992-2010, por meio da função de produção e do filtro Hodrick-Prescott (HP). A função de produção calculada indica que o baixo crescimento da produtividade pode ter sido um dos principais responsáveis pelo...

Neste artigo, foi estimada a taxa natural de juros para a economia brasileira entre o final de 2001 e segundo trimestre de 2010 com base em dois modelos, sendo o primeiro deles o proposto por Laubach e Williams e o segundo proposto por Mesónnier e Renne, que trata de uma versão alterada do...

Este artigo estuda a persistência das flutuações do crescimento econômico brasileiro com dados anuais de 1900 a 2008. Para a análise das séries são usados modelos ARFIMA e testes de raiz unitária com quebras estruturais. Os resultados indicam que ambos PIB e PIB per capita brasileiros...

In Part One of this paper we use the harmonic analogy of a musical octave to analyze mathematic ratios of U.S. real GNP. These ratios are generated by bringing together figures for U.S. real GNP over intervals of time – “spreads of years” – as numerator and denominator in a single...

The main goal of this contribution was to provide evidence on the dynamic interdependencies between economic growth and budget and trade deficits in ten new EU members in transition in the last decade. It is worth to note that beside establishing directions of causal relationships this paper...

This note briefly describes the merits and limitations of the national accounts, e.g. GDP per capita is a simple measure of material welfare, but not a comprehensive measure of welfare.

This paper analyzes optimal, time consistent taxation in a dynastic family model with human and physical capital and with a balanced government budget. When tax revenue is used for publicly provided consumption or lump-sum transfers, leisure would be higher than its social optimum. Pareto...

While most economists accept the desirability of expansion of deficits over the short term there are a number of theoretical arguments that lead to the conclusion that higher government debt ratios might depress growth or lead to national insolvency. These have been further ?strengthened?...

We study the causes of low growth in El Salvador, a country with an impressive record of political, macroeconomic, and structural reform. We apply a growth diagnostic methodology and conclude that market failures in the process of self-discovering" the country´s productive potential is a main...

Highlights 1) The European Union growth agenda has become even more pressing because growth is needed to support public and private sector deleveraging, reduce the fragility of the banking sector, counter the falling behind of southern European countries and prove that Europe is still a...