Risk Sharing with the Monarch: Contingent Debt and Excusable Defaults in the Age of Philip II, 1556-1598 [PDF]
Contingent sovereign debt can create important welfare gains. Nonetheless, there is almost no issuance today. Using hand-collected archival data, we examine the first known case of large-scale use of state-contingent sovereign debt in history.
Drelichman, Mauricio, Voth, Hans-Joachim
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Myopic Loss Aversion and House-Money Effect Overseas: an experimental approach [PDF]
Recent literature has found two behavioral effects - house-money and myopic loss aversion (MLA) - in several experimental designs. We show that although we can find a house-money effect using survey methods this evidence disappears when we study ...
Benjamin M. Tabak +2 more
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Thinking about My Existence during COVID-19, I Feel Anxiety and Awe-The Mediating Role of Existential Anxiety and Life Satisfaction on the Relationship between PTSD Symptoms and Post-Traumatic Growth. [PDF]
Int J Environ Res Public Health, 2020 Tomaszek K, Muchacka-Cymerman A.
europepmc +1 more source
Determinants of Bank Efficiency: the case of Brazil [PDF]
This paper analyzes the efficiency of the Brazilian banking sector over the post-privatization period of 2000-2007. We employ a Bayesian stochastic frontier approach, which provides exact efficiency estimates and confidence intervals and thus, allows an ...
Benjamin M. Tabak, Patricia Tecles
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Optimal Monetary Rules: The Case of Brazil [PDF]
Within a dynamic programming approach we derive an optimal rule for the central bank to attain it's inflation targeting goals. The short-run nominal interest rate is used as an instrument to achieve monetary objectives.
Benjamin Miranda Tabak +3 more
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Neoliberalism in Latin America: effects on health system reforms. [PDF]
Rev Saude Publica, 2020 Göttems LBD, Mollo MLR.
europepmc +1 more source
The Natural Rate of Unemployment in Brazil, Chile, Colombia and Venezuela: some results and challenges [PDF]
This paper summarises the research results obtained by the group of central banks (Brazil, Chile, Colombia and Venezuela) that joined the research program on the Natural Rate of Unemployment – under the coordination of the Central Bank of Brazil – within
Tito Nícias Teixeira da Silva Filho
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Delegated Portfolio Management and Risk Taking Behavior [PDF]
Standard models of moral hazard predict a negative relationship between risk and incentives; however empirical studies on mutual funds present mixed results.
Benjamin Miranda Tabak +2 more
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C-reactive protein in adult sepsis: systematic review and meta-analysis. [PDF]
Clinics (Sao Paulo)Silvinato A +6 more
europepmc +1 more source