Publications

Selected publications in refereed journals

    1. “Monetary Policy and Reserve Requirements in a Small Open Economy”. (Joint with C. Haraguchi.) Macroeconomic Dynamics. Forthcoming.

    2. “Robust Effects of a Debt-Financed Tax Cut in an Economy with Incomplete Markets”. (Joint with J. Orrillo.) International Tax and Public Finance. Forthcoming.

    3. “On a Log-symmetric Quantile Tobit Model Applied to Female Labor Supply Data”. (Joint with D. Cunha and H. Saulo) Journal of Applied Statistics. Forthcoming.

    4. “Effects of the Brazilian Tax Reform Plans on the Tobacco Market”. (Joint with P. Ehrl, O. Candido and M. Valadao) Tobacco Control. Forthcoming.

    5. “Assessing the Effects of a Tobacco Tax Reform on the Industry Price-Setting Strategy”. (Joint with P. Ehrl, O. Candido and M. Valadao) International Journal of Environmental Research and Public Health. Forthcoming.

    6. “An extended cost-benefit analysis of tobacco taxation in Brazil”. (Joint with P. Ehrl, O. Candido and M. Valadao) Tobacco Control. Forthcoming.

    7. “Institutions and Cyclicality of the Fiscal and Monetary Policies in Brazil”. International Journal of Economics and Finance, v. 13, n. 4, p. 25-39, 2021. (Joint with A. Gadelha.)

    8. “Government size, composition of public spending and economic growth in Brazil”. Economic Modelling. v. 91, p. 155-166, 2020. (Joint with D. Maciel and W. Sosa)

    9. “Interactions between Monetary and Macroprudential Policies in the Transmission of Discretionary Shocks”. North American Journal of Economics and Finance. v. 50, p. 1-16, 2019. (Joint with F. Vinhado)

    10. “Institutions, Growth and Economic Stability”. Economics Bulletin. v. 39, p. 554-563, 2019. (Joint with A. Gadelha)

    11. “What Impact Does Inflation Targeting Have on the Real Economy of Developing and Emerging Countries?”. Annals of Financial Economics. v. 13, p. 1-18, 2018.

    12. “Inflation, Interest Rate and Output Gap in the U.S. Economy: A Vine-Copula Modeling”. Journal of Economic Studies. v. 44, p. 412-430, 2017. (Joint with O. Candido)

    13. “Failure of the Ricardian Equivalence Theory in Economies with Incomplete Markets”. Brazilian Review of Econometrics. v. 37, p. 19-30, 2017. (Joint with J. Orrillo)

    14. “Import Tariff and Exchange Rate Transmission in a Small Open Economy”. Emerging Markets, Finance & Trade. v. 51, p. S61-S79, 2015. (Joint with A. A. Macera)

    15. “Determinants of the Banking Spread in the Brazilian Economy: The Role of Micro and Macroeconomic Factors”. International Review of Economics & Finance. v. 40, p. 29-39, 2015. (Joint with F. D. Almeida)

    16. “Default and Bankruptcy in an Entrepreneurial Economy with Incomplete Markets”. Journal of Banking & Finance. v. 37, p. 2162-2172, 2013. (Joint with J. Carvalho and J. Orrillo).

    17. "Fiscal and Monetary Policy Interactions: A Game Theory Approach. Annals of Operation Research, v. 206, p. 341-366, 2013. (Joint with H.Saulo and L. Rego)

    18. “Interest Rates and Default in Unsecured Loan Markets”. Quantitative Finance. v. 13, p. 1925-1934, 2013. (Joint with E. Lima and J. Orrillo)

    19. “The Role of Banking Regulation in an Economy under Credit Risk and Liquidity Shock”. The North American Journal of Economics and Finance. v. 26, p. 266-281, 2013. (Joint with M. Silva)

    20. “Determinants of the Banking Spread in the Brazilian Economy: The Role of Micro and Macroeconomic Factors”. International Review of Economics & Finance. Forthcoming. (Joint with F. D. Almeida)

    21. “Probability of Default in Collateralized Credit Operations”. The North American Journal of Economics and Finance. v. 25, p. 276-292, 2013. (Joint with L. Rocha)

    22. “Are Latin-American Households Neutral to Increases in Government Spending?”. Journal of Applied Economics. v. XVI, p. 101-120, 2013. (Joint with L. Pereira)

    23. “Inflation, Unemployment, and the Time Consistency of the US Monetary Policy”, Structural Change and Economic Dynamics, v. 22, p. 173-179, 2011. (Joint with D. Cajueiro and A. Sachsida).

    24. “Exchange Rate Determination: An Application of a Monetary Model for Brazil”, International Advances in Economic Research, v. 16, p. 345-357, 2010. (Joint with S. Cuiabano).

    25. “Modelling the Growth and Volatility in Daily International Mass Tourism to Peru”, Tourism Management, v. 31, p. 846-54, 2010. (Joint with M. McAleer).

    26. “Modelling Sustainable International Tourism Demand to the Brazilian Amazon”, Environmental Modelling & Software, v.24, p.1411 – 1419. 2009. (Joint with M. McAleer.)

    27. “Is there a case for domestic inflation target?”, Mathematics and Computers in Simulation, v.79, p.1 – 35. 2009.

    28. “On the Purchasing Power Parity for Latin-American Countries”, Journal of Applied Economics, v.12, p.33 – 54. 2009. (Joint with J. Andrade and V. Teles.)

    29. “Optimal Monetary Policy for a Small Open Economy”, Economic Modelling, v. 26, p. 352-58. 2009.

    30. “Monetary Policy of the Bank of Japan – Inflation Target Versus Exchange Rate Target”, Japan and the World Economy, v. 17, p. 189-208. 2005. (Joint with J. Andrade.)

    31. “Revisiting the Fisher Hypothesis for the Cases of Argentina, Brazil and Mexico”, Applied Economics Letters v.9, p. 95-98, 2002. (Joint with F. Carneiro and C. Rocha.)

    32. “Currency Crisis in Brazil: the Rule of the Fundamentals and the Rumors”, Applied Economics, v.33, p. 887-898, 2000. (Joint with J. Andrade.)

Other publications in refereed journals

    1. “A Bivariate Approach to the Mincerian Earnings Equation”. (Joint with D. Cunha, H. Saulo and S. Monsueto) Revista Brasileira de Economia. Forthcoming.

    2. “An Analysis of the Dynamics of the Brazilian Electricity Sector Using Panel VAR”. Revista Econômica do Nordeste. v. 51, p. 47-64, 2020. (In Portuguese, joint with L. Brandão)

    3. “Credit Risk and the Conventional and Unconventional Monetary Policies: The Brazilian Case”. Economia Aplicada. v. 23, p. 27-52, 2019. (In Portuguese, joint with F. Almeida)

    4. “Optimal Composition of the Brazilian Public debt and the Monetary Policy”. Revista Brasileira de Economia. v. 73, p. 213-33, 2019. (In Portuguese, joint with A. S. Moraes)

    5. “An Analysis of the Pass-Through of Import Tariffs and Exchange rates in the Brazilian Steel Sector”. Planejamento e Políticas Públicas. v. 51, p. 37-64, 2018. (In Portuguese, joint with A. Macera)

    6. “Average Effective Tax Rates in the Brazilian Economy: A Macroeconomic Approach”. Revista Brasileira de Economia. v. 71, p. 153-175, 2017. (In Portuguese, joint with V. Almeida, S. Gadelha, and A. Maranhão)

    7. “Determinants of Banking Credit in the Brazilian Economy: The Role of Micro and Macroeconomic Factors from 2001 to 2012”. Análise Econômica. v. 68, p. 31-58, 2017. (In Portuguese, joint with F. D. Almeida)

    8. “Banking Competition in the Brazilian Economy”. Nova Economia. v. 27, p. 393-419, 2017. (Joint with R. Silva)

    9. “Macroeconomics in Emerging Markets”. EconomiA. v. 17, p. 1-2, 2016. (Joint with J. Andrade and V. Teles)

    10. “Monetary and Macroprudential Policies: Empirical Evidences from Panel-VAR”. Brazilian Review of Finance. v. 13, p. 691-730, 2015. (In Portuguese, joint with F. Vinhado)

    11. “Finance, Banking, and Regulation in Emerging Economies: An Overview”. Emerging Markets Finance & Trade. v. 51, p. S1-S2, 2015. (Joint with W. Maldonado, R. Mazali and B. Tabak)

    12. “Monetary Policy and Reserve Requirements in a DSGE Model with Financial Frictions”. Economia Aplicada. v. 19, p. 579-610, 2015. (In Portuguese, joint with A. Kornelius)

    13. "Determinants of Collateral Requirement in Entrepreneurial Loans". Revista Brasileira de Economia, v.68, p. 3-16, 2014. (Joint with J. Carvalho and J. Orrillo).

    14. “Are there irrationalities in the consumption of anti-obesity drugsin Brazil? A pharmaco-econometric analysis of panel datasets” Ciência e Saúde Coletiva. v. 19, p. 1389-1400, 2014. (Joint with D. Mota, M. Oliveira, R. Bovi, S. Silva, J. Cunha, in Portuguese)

    15. "An Analysis of the of the Fiscal Policy Cyclicality in the Brazilian Economy". Estudos Econômicos. v. 43, p. 711-743, 2013. (Joint with S. R. Gadelha, in Portuguese)

    16. “Risk Premium and the Monetary Policy in Brazil”. Economia Aplicada. v. 17, p. 163-192, 2013. (Joint with R. Silva Jr., in Portuguese)

    17. “Determinants of the Profitability of Financial Institutions in Brazil”. Análise Econômica. v. 31, p. 77-101, 2013. (Joint with F. Vinhado, in Portuguese)

    18. “Public Debt Composition and Economic Growth of the Brazilian Municipal Districts”. EconomiA. v. 13, p. 507-528, 2012. (Joint with R. Silva Junior, in Portuguese)

    19. “The Role of Monetary and Technological Shocks for the Brazilian Business Cycle”. Economia Aplicada, v. 16, p. 497-525, 2012. (Joint with R. Blender, W. Vieira, and L. Carvalho, in Portuguese)

    20. “Determinants of Buffer Capital in the Brazilian Financial System”. Pesquisa e Planejamento Econômico, v. 42, p. 261-293, 2012. (Joint with M. Silva, in Portuguese)

    21. “Financial Stability: International Evidence”. Brazilian Review of Finance, v. 10, p. 7-29, 2012. (Joint with M. Silva, in Portuguese.)

    22. “Interest Rates and Default in Secured Loan Markets”. Estudos Economicos, v. 41, p. 691-718, 2011. (Joint with S. Batista and J. Orrillo, in Portuguese.)

    23. “Real Wage Rigidity and the New Phillips Curve: The Brazilian Case”, Revista Brasileira de Economia, v.64, p. 291-306, 2010. (Joint with A. Mazali).

    24. “Uncovered Interest Rate Parity for Latin American Countries”, Pesquisa e Planejamento Econômico, v. 39, n. 2, p. 289-308. 2009. (Joint with J. Carvalho, in Portuguese).

    25. “Monetary Policy Rules Across OECD Countries”, Revista Brasileira de Economia, v.63, p.65 – 76. 2009.

    26. “Fiscal Dominance or Monetary Dominance in Brazil: an Analysis of Causality”, Economia Aplicada, v. 12 (4), p. 659-75. 2008. (Joint with S. Gadelha, in Portuguese.)

    27. “Reconsiderando o Efeito Fisher: Uma Análise de Cointegração entre Taxa de Juros e Inflação”, Nova Economia, v. 13, n.1, p. 81-100. 2003. (Joint with F. Carneiro and C. Rocha, in Portuguese.)

    28. “The Determinants of Unemployment in Brazil and Mexico”, Economia, v. 3,n. 2, p. 303-315, 2002. (Joint with C. Rocha, in Portuguese.)

    29. “Weighted Monetary Aggregation: an Analysis of Causality”, Economia Aplicada, São Paulo, v.4, p. 723-742, oct.-dec. 2000. (In Portuguese)

    30. “An Analysis of the Money Demand Using Divisia Monetary Aggregates and Box-Cox Transformation”, Nova Economia, Belo Horizonte: FACE/UFMG, nº esp., p. 181-246, dec. 1997. (In Portuguese)

Books

    1. “Impacto do Turismo na Economia do Distrito Federal”, Brasilia: Editora Senac, 190 p. 2010. (Joint with Joaquim Andrade, Maria Mollo, and Milene Takasago)

    2. “A Economia do Turismo no Brasil”, Brasilia: Editora Senac, 222 p. 2008. (Joint with Joaquim Andrade, Maria Mollo, and Milene Takasago)

Book chapters

    1. “Economic Growth and Income Inequality in Brazil”, In: Accinnelli, E.; Salas, O. (Org.). Crecimiento y Distribución del Ingreso en América Latina. San Luis Potosí: Departamento de Economía de la Universidad de Gotemburgo, 2010, 422 pp. (Joint with L. Rangel e J. Andrade.)

  1. “Revisiting the History of the Recent Brazilian Currency Crisis”, In Fontes, R.; Arbex, M. A. (org.), Economia Aberta, Federal University of Viçosa: University Press. 2000, 298pp. (Joint with J. Andrade and M. Silva, in Portuguese.)