Bernardo de Vasconcellos Guimaraes

• Society for Economic Dynamics Annual Meeting, AR.EXT

• Abstract

  This project aims to study the welfare implications of a class of budget rules, the ones that determine mandatory spending. I analyze a model with two parties that allocate a fixed budget to private transfers and a public good. Each period a party is chosen to propose an allocation while the other party can accept or reject the proposal. Mandatory spending is modeled in the spirit of dyna…

  Expropriation and polarization: the role of mandatory spending in a political economy, BP.PD

• Abstract

  This project propose to reconcile the results found in Andolfatto et al. (2008) andDel Negro and Eusepi (2011). The former shows that imperfect information model isable to incorporate important feature of the inflation expectation data, but it is notallowed by rational expectation models: correlated forecast errors. The latter, usingBayesian techniques, find that rational expectations mod…

  Heterogeneous information, learning and inflation expectations, BP.DR

• Abstract

  The master's thesis proposed in this research project aims to investigate and understanding the liquidity of asset-backed securities. According to our view the asset-backed securities began to be widespread used in loan contracts because it was able to fulfill the role of collateral, being this possible in part because of the complex structure of these assets. The overriding contribution …

  Understanding liquidity of asset-backed securities, BP.MS

(Only some records are available in English at this moment)

• Abstract

  In the research internship at Michigan State University (MSU) we aim to study why theagents were coordinating in the use of asset-backed securities as a liquid asset insteadof using less risky one. Was the pre-crisis equilibrium undesirable, where agents werecoordinating in the use of a bad asset, or was it the case that the equilibrium was thedesirable one? Why were the agents coordinati…

  Coordination in the use of asset-backed securities, BE.EP.MS

• Abstract

  This project is devoted to study debt crises and its relation to the political economy of fiscal policy. Traditional models of endogenous default assume governments are always a benevolent agent that manages sovereign debt over time to smooth out consumption of the representative agent. However, almost always they abstract from political factors that might influence the actions of those i…

  Political economy and endogenous sovereign defaults, BE.EP.DR

• Abstract

  This work is intended to research on coordination failures in a dynamic macroeconomic context, trying to identify the importance of coordination failures to business cycle fluctuations and the role of government stimulus on enhacing coordination. (AU)

  Coordination failures and stimulus policies, BE.EP.DR

(Only some records are available in English at this moment)