Nossos Projetos

Confira alguns de nossos projetos realizados.

LUCAS ISLAND MODEL: A “CASE STUDY” FOR IMPROVING STUDENTS" SKILL IN INTERPRETING MACROECONOMIC MODELS

Abstract:
This paper develops a teaching apparatus of Lucas’s 1972 model aimed at improving students’ ability to interpret the underlying structure of modern macroeconomics models. In this respect, the Lucas island model represents the perfect “case study” since it falls into the narrow range of mile stone “modern” macroeconomic models. Our teaching apparatus adds to the Lucas island model three distinctive features. First, it replaces the overlapping generation structure with the producer-shopper distinction within the household; second, it presents the classical perfect information case as the benchmark of the analysis and, finally, introduces a money market into the model.

black and white concrete building
black and white concrete building
white and black paper lot
white and black paper lot
INTRODUCTION OF TOXOTES JACULATRIX METHOD: PRODUCT STRENGTH IN THE RESOURCE CURSE BASED ON INTERNATIONAL ECONOMY

Abstract:
The study conducts an introduction of Toxolotes Jaculatrix Method (TJM), a meticulous formula to craft the intricate interplay between a product and their role complexities on the Resource Curse across a country. The primary objective of this research is to elucidate TJM as a quantitative method for “cursed products” in a country economy by exploring into the nexus between ore, slag and ashes (HS04 – 26) related exports and the Resource Curse phenomenon in Brazil. Additionally, this paper delves into the dynamic shifts of Standard Balassa Revealed Comparative Advantage Index (BRCAI), Export Diversification Index (EDI), Trade Openness Indicator (TOI), Coverage Ratio of Trade (CRT), Market Potential Index (MPI) and Intensity Indicator of Importation (III) for the analysis of cursed products.


white printer book pages
white printer book pages
MONETARY AGGREGATES AND DIVISIA INDEXES: DISPARATE EFFECTS ON BRAZILIAN ECONOMIC

Abstract:
This study aims to elucidate the disparate effects of traditional monetary aggregates and their Divisia Index counterparts on the Consumer Price Index (CPI) and real Gross Domestic Product (GDP) using data from the Brazilian Central Bank spanning January 2003 to December 2023. The objective is to discern the impacts of various monetary aggregates on key economic indicators and compare these with those derived from Divisia aggregates. Understanding these impacts is crucial for enhancing policy formulation, economic stability, and addressing structural changes in emerging markets like Brazil. The Johansen Cointegration Test identified significant cointegrating vectors, indicating robust long-term relationships. Subsequently, a Vector Error Correction Model (VECM) was employed to explore both long-term relationships and short-term dynamics using impulse response functions and variance decomposition analysis. The findings reveal notable differences in the responses of CPI and GDP to traditional versus Divisia monetary aggregates, highlighting the nuanced role of monetary composition in economic dynamics.