IDEB e Accountability: efeitos da publicação do índice na educação pública municipal brasileira
30/11/2021
Tomás Ruiz de Gamboa do Valle.
Orientador: Arthur Amorim Bragança.
Aqui você encontra as teses e dissertações defendidas, textos para discussão e produção acadêmica e de opinião de professores e alunos do Departamento de Economia.
A pesquisa pode ser feita por tipo de publicação, autor, título e período ou pela combinação deles. Os textos para discussão também podem ser pesquisados por número.
As monografias de Conclusão de Curso podem ser obtidas em http://www.maxwell.lambda.ele.puc-rio.br/.
30/11/2021
Tomás Ruiz de Gamboa do Valle.
Orientador: Arthur Amorim Bragança.
30/11/2021
Bernardo de Sequeira Batista Campos.
Orientador: Marcelo Nuno Carneiro de Sousa.
30/11/2021
Bruno Esteves Santos.
Orientador: Márcio Garcia.
30/11/2021
Guilherme Bueno do Prado de Castro Neves.
Orientador: Marcelo Nuno Carneiro de Sousa.
30/11/2021
João Carvalho de Oliveira.
Orientador: Sergio Besserman Vianna.
30/11/2021
João Francisco Miller.
Orientador: Clarissa Costalonga e Gandour. Juliano Assunção.
30/11/2021
João Gabriel Caetano Leite.
Orientador: Yvan Becard.
30/11/2021
Pedro Bocayuva Pinheiro Souza Lima.
Orientador: Maria Cláudia Gomes Pereira Sarmiento Gutierrez.
30/11/2021
Rebeca Gaudêncio Lima.
Orientador: Gustavo Gonzaga.
30/11/2021
Ramon Duarte Ferraz da Silva.
Orientador: Maria Cláudia Gomes Pereira Sarmiento Gutierrez.
30/11/2021
Maria Clara Retumba Soares.
Orientador: Arthur Amorim Bragança.
30/11/2021
Lucas de Luna Palmigiani.
Orientador: Maria Cláudia Gomes Pereira Sarmiento Gutierrez.
30/11/2021
Carlos Alves de Souza Lyrio.
Orientador: Yvan Becard.
30/11/2021
Gabriela Letichevsky Fontes.
Orientador: Eliane Gottlieb.
30/11/2021
Juliana Haddad Bedante.
Orientador: Walter Novaes.
O Estado de São Paulo e O Globo, 26/11/2021
Rogério Werneck.
17/11/2021
This dissertation presents three chapters addressing issues pertaining to monetary policy. Chapter 1 evaluates the problem of conducting monetary policy with risky assets in a simple neo-Wicksellian monetary model. I show that monetary policy’s power w.r.t prices and inflation reduces as it can only be conditionally active in the presence of policy-asset risk. Moreover, uncompensated risk premium induces an inflationary bias, as well as default probability and inflation are positively correlated, the same sign of empirical correlations usually found. These results constitute a novel argument in favor of a more hawkish stance in case of a fiscal or political crisis, which helps to explain "monetary policy conservatism" in risky economies. Chapter 2 endogenizes policy-asset risk as a fiscal risk and studies its transmission. I lay out a two-agent New-Keynesian (TANK) model with endogenous fiscal limits in which the central bank operates through defaultable bonds, and then calibrate it to a large emerging economy, Brazil. I find that by ignoring policy-asset risk the central bank reinforces the unpleasant coincidence of higher inflation, real, and nominal interest rates in the equilibrium distribution of the model, what emerges as the result of endogenous expectations of a severe recession in case of default. Additionally, accommodating policy-asset risk induces positive correlation between default risk and inflation. From a policy perspective, these results raise serious concerns about the evaluation of monetary policy stance in default-risky economies, while shed new light on the long-standing discussion about why policy rates have been exceptionally high in Brazil after the Real Plan. Finally, Chapter 3 responds to a recent controversy on the actual presence of a real interest rate transmission channel in New-Keynesian models, as the addition of endogenous capital is consistent with real rates moving in any direction after a monetary shock. I show that this identification problem can be circumvented by the inclusion of another ingredient as prevalent as capital itself in middle-scale models: interest-rate smoothing.
Eduardo Gonçalves Costa Amaral.
Orientador: Carlos Viana de Carvalho.
Banca: Eduardo Henrique de Mello Motta Loyo. Eduardo Zilberman. Tiago Couto Berriel. Ricardo A. M. R. Reis.
17/11/2021
Between 2004 and 2020, 18.9% of the Brazilian municipalities had at least one mayor that was also a business owner. In Brazil, this office is relevant for government spending allocation and public policy decisions. With this constitutional competence, the elected official could swing resources to their firm directly or indirectly. Even if this is done within the borders of legality, information on the performance of politician-owned enterprises may be relevant for voters. Therefore, this work uses three administrative data sources on candidates, firm ownership, and formal employment contracts to answer if mayor-owned firms grew disproportional during their owner’s term. To provide causal interpretation, the estimations are undertaken applying a close election discontinuity design. This work, therefore, compares firms from barely elected mayors with companies owned by almost victorious candidates. It concludes that mayor-owned companies grew approximately 25% more than they would if their owner had lost the election during the four years of the term.
João Farina Leal Mourão.
Orientador: Juliano Assunção.
Co-orientador: Claudio Ferraz.
Banca: Ricardo Dahis. Raphael Bottura Corbi .
16/11/2021
This paper analyzes the use of credit during the Covid-19 pandemic in the context of a cash transfer program. Under a Difference-in-Differences approach, I show causal evidence of how the implementation of a cash transfer program impacted the population’s credit use patterns, using a combined set of microdata: SISFOH (a household targeting system), the national household survey, and the credit register for Peru. Exploring a discontinuity in the rule for granting emergency income to the poorest population, I show that individuals who received a monetary subsidy increased their total lending in the financial system, in contrast to those individuals who did not. This is worrisome as it is also presented an increase in the interest rates and days of arrears. Furthermore, I also explore some dimensions of population heterogeneity (education, age, gender, informality, among others), finding a differentiated impact according to certain characteristics of individuals. I put a special effort into the informality analysis since, even in the absence of an exogenous identification, this variable presents significant results and passes certain tests of identification.
Robert Pablo Urbina Rodrigues.
Orientador: Carlos Viana de Carvalho.
Co-orientador: Eduardo Zilberman.
Banca: Juliano Assunção. Daniel Ferreira Pereira Gonçalves da Mata.
O Estado de São Paulo e O Globo, 12/11/2021
Rogério Werneck.