Home Bias in a Monetary Union: How Financial Frictions Affect Output and Monetary Policy Decisions

Advisor: Diogo Abry Guillén

First of all, I would like to thank my wife, Luisa, for all the love and support received during these years dedicated to the Master’s degree. I would also like to thank my family, Lucia, Flavio and Walter for their support and for being a lifetime example of dedication and determination. 

In all respects, I benefitted decisively from all the advice of my mentor Diogo Abry Guillén during classes and while working on my thesis, and I would like to thank him for the privilege of having his time and energy dedicated to this work.

I will never cease to appreciate the work done by the professors of the Macroeconomics and Finance master study program at PUC-Rio. Their thorough, inspiring work enabled me to gain access to a body of knowledge I would not be able to acquire otherwise. In particular, I would like to thank Carlos Viana de Carvalho and Waldyr Dutra Areosa for their comments about this work.