Francisco G. Carneiro, Carlos Henrique Rocha
This paper investigates the validity of the Fisher effect hypothesis that it is the interest rate which moves to adjust to the anticipated changes in the rate of inflation. The analysis is carried...
Macroeconomic Determinants of Equilibrium Unemployment Insurance
Francisco G. Carneiro, João Ricardo Faria
This paper proposes a new modeling strategy as regards the definition of an optimal level of unemployment benefits. While the traditional methodology privileges labor market equilibrium to derive...
Insider Power in Wage Determination: Evidence from Brazilian Data.
This paper examines the determinants of industrial real wages in Brazil, making use of panel data on 22 industry sectors with monthly observations for the period 1985-93. The main objective is to...
On Defining and Measuring the Informal Sector
Andrew Henley, G. Reza Arabsheibani, Francisco G. Carneiro
A range of alternative empirical definitions of informal activity have been employed in the literature. Choice of definition is often dictated by data availability. Different definitions may imply...
Francisco G. Carneiro, Carlos Henrique Rocha
This paper investigates the validity of the Fisher effect hypothesis that it is the interest rate which moves to adjust to the anticipated changes in the rate of inflation. The analysis is carried...
On defining and measuring the informal sector
Henley, Andrew, Arabsheibani, G. Reza, Carneiro, Francisco G.
A range of alternative empirical definitions of informal activity have been employed in the literature. Choice of definition is often dictated by data availability. Different definitions may imply...
Does Inflation Targeting Matter for Output Growth? Evidence from Industrial and Emerging Economies
Varella Mollick, Andre, Torres, Rene Cabral, Carneiro, Francisco G.
This paper examines the effects of inflation targeting on industrial and emerging economies' output growth over the "globalization years" of 1986-2004. Controlling for trade openness and two...
On Defining and Measuring the Informal Sector: Evidence from Brazil
Henley, Andrew, Arabsheibani, G. Reza, Carneiro, Francisco G.
Summary Recent debate on the reasons for the informal sector has led to renewed focus on how to operationalize the measurement of informal employment. This paper investigates congruence between three...