04eesp.fgv.br/sites/eesp.fgv.br/files/file/folder_grad_final_v5.pdf · students must also take a...

04 Department Overview

06 GraDuate prOGram requirements

11 FielDs OF research

• applied microeconomics

• econometrics

• economic theory

• Financial economics

• macroeconomics and intenational economics

• public economics

35 Faculty members

table OF cOntents

4

For almost 70 years, FGV Foundation has helped to increase the

economic development, social fairness, and international presence

of Brazil through the production of studies that analyze government

policies, help solve possible impasses and find groundbreaking

solutions, make predictions and forecast scenarios, and contribute

to academic knowledge and theoretical discussions. FGV also acts

as a bridge between society and policy makers by encouraging

discussion of such policies in its books, journals, and academic

publications, and through its presence in both the national and

international media.

It is precisely this role that has helped to build FGV’s growing

international reputation, resulting in invitations to work outside

Brazil. In 2012, FGV was named one of the world’s 30 top think

tanks by the Global Go To Think Tank rankings produced by the

University of Pennsylvania, and was the only Brazilian institution of

higher education considered among the 100 best in the world by a

similar ranking from The New York Times.

The Sao Paulo School of Economics - FGV is one of the leading

economics departments in Latin America. Currently, the school has

more than 20 full-time professors, all of which are actively involved

in academic research. The research conducted at the school covers a

broad range of topics, including: Macroeconomics; Public Finance;

International Economics; Microeconomics; Econometrics; Industrial

Organization; Labor Economics; and Finance.

Department Overview

5

Our faculty has published extensively and in some of the most

important journals in the profession, such as: Econometrica;

American Economic Review; Journal of Political Economy; Quarterly

Journal of Economics; Review of Economic Studies; Journal of

Monetary Economics; Review of Economics and Statistics; Journal

of Economic Theory; Journal of Econometrics; Economic Journal;

Journal of International Economics; European Economic Review;

Journal of Labor Economics; International Economic Review; Games

and Economic Behavior; and Journal of Development Economics.

Our faculty members have also received many grants and awards,

and either serve or have served as members of the editorial boards of

a number of highly respected academic journals.

Our Ph.D. Program prepares students of high promise for productive

and stimulating careers in academia, the government, and the private

sector. Courses and seminars offered by the department foster an

intellectually active and stimulating environment. Students are

expected to devote themselves full-time to the program.

6

The Department offers a program of study leading to the Ph.D. degree.

The program includes courses and comprehensive examinations in

the three “Core” subjects of Macroeconomics, Microeconomics and

Econometrics. In addition to the Core, Ph.D. requirements include

demonstration of competence in Specialized Fields of concentration

and the approval of a Thesis Proposal, and the completion of the

Doctoral Thesis.

The usual load is three courses per quarter for two years; this permits

completion of twelve courses during the regular academic year.

GraDuate prOGram requirements

7

All students must take the following 14 core courses:

Probability and Statistics;

Mathematics for Economists;

Microeconomics I to IV;

Econometrics I to IV;

Macroeconomics I and II, and 2 out of the following 5 courses in

macroeconomics: Macroeconomics III; Macroeconomics IV; Topics

in Macroeconomics; Economic Growth; and Topics in Economic

Growth.

Students entering the Ph.D. program are recommended to take the

core courses during their first year of study in order to acquire a firm

foundation for their subsequent work.

cOre cOurses (First year)

8

secOnD year

Besides satisfying the core course requirements, each student must

take 2 additional courses:

Applied Microeconomics;

Applied Macroeconomics.

Students must also take a minimum of 10 field courses. The following

field courses are offered regularly at the school:

Monetary Economics;

Public Sector Economics;

International Economics I and II;

International Finance;

Industrial Organization I and II;

Law and Economics;

Advanced Microeconomics;

Economics of Education;

Labor Economics;

Development Economics I and II;

Structural Econometrics;

Microeconometrics I and II;

Topics in Time Series Econometrics;

Corporate Finance I and II;

Asset Pricing I and II;

Empirical Finance I and II;

Behavioral Economics;

Behavioral Finance;

9

thirD & FOurth years

Students must decide on a thesis topic and present a proposal of

their thesis at a dissertation seminar by the end of their third year. A

student’s presentation at a dissertation seminar is subject to approval

by the faculty. A student whose presentation is not approved by the

department’s faculty must present again at a dissertation seminar in

the following semester.

Students must complete their doctoral thesis by the end of their fourth

year. The dissertation defense is a public lecture and a student must

have his thesis approved by his/her dissertation committee.

Students are expected to attend the weekly department seminars

during their third and fourth years.

10

Year 1

Preparation Courses (January-February)

Probability and Statistics

Mathematics for Economists

autumn Quarter (March-May)

Microeconomics I

Macroeconomics I

Econometrics I

Winter Quarter (June-July)

Microeconomics II

Macroeconomics II

Econometrics II

Spring Quarter (august-September)

Microeconomics III

Econometrics III

Macroeconomics III or Economic Growth.

Summer Quarter (October-December)

Microeconomics IV

Econometrics IV

Macroeconomics IV, or Topics in

Macroeconomics, or Topics in Economic

Growth.

recOmmenDeDplan OF stuDy

Year 2

autumn Quarter (March-May)

Applied Macroeconomics

2 Field Courses

Winter Quarter (June-July)

3 Field Courses

Spring Quarter (august-September)

3 Field Courses

Summer Quarter (October-December)

Applied Microeconomics

2 Field Courses

Year 3

Research Seminar and presentation of a

Thesis Proposal Seminar.

Year 4

Completion of the Doctoral Thesis.

The recommended plan of study is as follows.

11

Development economics

Development Economics is the field that studies the theories and

problems related to economic problems of developing economics.

It includes many subfields such as economics of education, labor

economics, crime and health economics. In Economics of Education,

students learn how to use the economic concepts and models to

understand economic problems, like voucher policies, the educational

production function, accountability policies, etc. Labor Economics

includes labor demand and supply, matching models for firms and

employees, informal labor markets, labor regulation, etc. In crime,

students learn how to use economic models to understand corruption,

money fraud as well as institutional measures to deal with these

problems, like, regulatory and enforcement of government agencies.

Health economics uses the economic models to study health care plans,

health care system, demand and supply for medical services, etc. All

the subfields deal not only with theoretical models to understand the

phenomena of interest but also introduce students to statically analysis

of data problems.

There is a group of professors specialized in these different subfields.

Rodrigo Soares works in heath economics. Vladimir Ponczek studies

problems related to labor economics and education. André Portela

works with many topics in economics of education, labor economics

and crime. Sergio Firpo has research related to labor economics and

education. Cristine Pinto studies different topic in education.

aPPlieD MiCrOeCOnOMiCS

FielDs OF research

12

industrial Organization

Sao Paulo School of Economics regularly offers two courses in Industrial

Organization. The first covers the main topics on the strategic behavior

of firms, such as standards of competition, price and differentiation

strategies, vertical and horizontal coordination, and entry deterrence.

The course includes theory and empirical applications in demand

estimation, models of entry, and collusion. The second course is oriented

to public policy, particularly to competition policy and regulation, and

explores additional topics of industrial organization relevant for public

policy, such as innovation, firm boundaries, network externalities

and multi-sided platforms. Depending on the number of interested

students, additional courses related to Industrial Organizations may be

offered, on topics such as structural econometric methods in Industrial

Organization.

Currently, two faculty members carry out research in Industrial

Organization and related fields. Klenio Barbosa has a consistent research

on procurement and public auctions, using both applied contract

theory and empirical analysis. He also applies himself to topics such as

the economics of banking and corporate governance. Paulo Furquim

de Azevedo has a consistent research on firm boundaries and other

applications from the New Institutional Economics to markets and

organizations. Paulo’s experience as a Commissioner at the Brazilian

competition authority also led him to research on competition policy,

regulation and Law and Economics.

13

Selected Publications of our Faculty Members

How Beliefs about HiV affect risky Behaviors: evidence from Malawi

Áureo de Paula (with Gil Shapira and Petra Todd)

Journal of Applied Econometrics, forthcoming.

Changes in cognitive achievement distribution for the students of

4th graders in Brazil: the relative distribution analysis for 1997 to 2005

Cristine Pinto (with Clarissa Rodrigues and Eduardo Rios Neto)

Economics of Education Review, 2013

new evidence of the Causal effect of Family Size on Child Quality

in a Developing Country

Vladimir Ponczek and André Portela Souza

The Journal of Human Resources 2012.

The impact of Structured Teaching Methods on the Quality of

education in Brazil

Maria Carolina Leme; Vladimir Ponczek; André Portela Souza (with LOUZANO, P.)

Economics of Education Review, 2012.

Household Choices of Child labor and Schooling: a Simple Model

with application to Brazil

Rodrigo Soares (with Diana Kruger and Matias Berthelon)

Journal of Human Resources, 2012

14

institutional Development and Colonial Heritage within Brazil

Rodrigo Soares (with Joana Naritomi and Juliano J. Assunção)

Journal of Economic History, 2012

a note on Slavery and the roots of inequality

Rodrigo Soares (with Juliano J. Assunção and Tomás F. Goulart)

Journal of Comparative Economics, 2012

income bargaining effects on education health in Brazil

Vladimir Ponczek

Journal of Development Economics, 2011

is Child labor Harmful? The impact of Working earlier in life

on adult earnings

André Portela Souza (with Patrick M EMERSON)

Economic Development and Cultural Change, 2011.

The effects of adult literacy on earnings and employment

Vladimir Ponczek (with Maúna Baldini)

Economics of Education Review, 2011

Segmentation in the Brazilian labor Market

Vladimir Ponczek (with Fernando Botelho)

Economic Development and Cultural Change, 2011

15

evaluating the impact of Community-Based Health interventions:

evidence from Brazil’s Family Health Program

Rodrigo Soares (with Romero Rocha)

Health Economics, 2010.

Private operation with public supervision: evidence of hybrid

modes of governance in prisons

Paulo Furquim Azevedo (with Sandro CABRAL and Sergio LAZZARINI)

Public Choice, 2010

altruism, Fertility, and the Value of Children: Health Policy

evaluation and intergenerational Welfare

Rodrigo Soares (with Javier A. Birchenall)

Journal of Public Economics, 2009

The Demographic Transition and the Sexual Division of labor

Rodrigo Soares (with Bruno Falcão)

Journal of Political Economy, 2008

Birth Order, Child labor, and School attendance in Brazil

André Portela Souza (with Patrick M EMERSON)

World Development, 2008.

Health and the evolution of Welfare across Brazilian Municipalities

Rodrigo Soares


16

The Welfare Cost of Violence across Countries.

Rodrigo Soares

Journal of Health Economics, 2006

Mortality reductions, educational attainment, and Fertility Choice

Rodrigo Soares

American Economic Review, 2005

The Quantity and Quality of life and the evolution of

World inequality

Rodrigo Soares (with Gary S. Becker and Tomas J. Philipson)


Development, Crime, and Punishment: accounting for the

international Differences in Crime rates

Rodrigo Soares


Crime reporting as a Measure of institutional Development.

Rodrigo Soares

Economic Development and Cultural Change, 2004

The role of The Family in immigrant´s labor Market activity:an

evaluation of alternative explanations: Comment

André Portela Souza (with Francine D Blau; Lawrence Kahn

and Joan Moriarty)


17

Econometrics is based on a set of statistical methods that are used

in quantitative analysis of economic phenomena. It contributes

to the development of economic models, testing theories and data

analysis. Our econometrics courses encompass a detailed overview of

the main techniques. Our master and doctoral students should take

two econometrics courses in the first two quarters of the program.

These first two courses include the basic techniques in econometrics

like, linear and nonlinear regression analysis, instrumental variables,

maximum likelihood and generalized method of moments. In addition,

the doctoral students must take a basic course about time series and a

basic panel data course in the third and fourth quarter of the program,

respectively. Master and Doctoral students may also take many

advanced courses in econometrics and applied courses in which the

main techniques are applied to economic problems.

There is a group of professors specialized in Econometrics: Sergio Firpo,

Áureo de Paula, Cristine Pinto, Marcelo Fernandes, Paulo Pichetti and

Pedro Valls. Furthermore, there are other faculties that work in related

fields and interact regularly with the field. For example, Enlinson

Mattos, Vladimir Ponczek, Andre Portela and Rodrigo Soares study

problems related to economics of education, labor economics, crime,

health economics, public finance, etc. In addition, Marcelo Fernandes,

Pedro Valls and João Mergulhão work with financial econometrics.

eCOnOMeTriCS

18


inference of Signs of interaction effects in Simultaneous Games with

incomplete information

Áureo de Paula (with Xun Tang)

Econometrica, 2012

a new Method of estimating Moment Condition Models with Missing

Data when Selection is on Observables

Cristine Pinto (with Daniel Egel and Bryan Graham)

Review of Economic Studies, 2012

interdependent Durations

Áureo de Paula (with Bo E. Honore)

Review of Economic Studies, 2010

Unconditional Quantile regressions

Sérgio Firpo (with Nicole Fortin and Thomas Lemieux)

Econometrica, 2009

inference in a Synchronization Game with Social interactions

Áureo de Paula

Journal of Econometrics, 2009

nonparametric entropy-based tests of independence between

stochastic processes

Marcelo Fernandes (with B. Neri)

Econometric Reviews, 2009

19

efficient Semiparametric estimation of Quantile Treatment

effects

Sérgio Firpo

Econometrica, 2007

Guest editorial: Semiparametric methods in econometrics

Marcelo Fernandes (with O. Linton and O. Scaillet)


Testing the Markov property with high frequency data

Marcelo Fernandes (with João Amaro de Matos)


a family of autoregressive conditional duration models

Marcelo Fernandes (with J. Grammig)


nonparametric specification tests for conditional duration

models

Marcelo Fernandes (with J. Grammig)


a multivariate conditional autoregressive range model

Marcelo Fernandes (with B. Mota and M. Rocha)

Economic Letters, 2005

20

The Sao Paulo School of Economics has many faculty members

teaching courses on economic theory and applied microeconomic

theory. This group of faculty includes Braz Camargo, Daniel Monte,

Enlinson Mattos, Klênio Barbosa, Paulo Furquim de Azevedo and

Victor Filipe Martins da Rocha. In addition, other faculty members at

our department have strong interests in economic theory, for example,

Luis Araujo, Bernardo Guimaraes and Vladimir Teles.

The research projects in economic theory at the Sao Paulo Paulo School

of Economics range from pure theory to applied microeconomics with

strong links to policy making. Braz Camargo works on decentralized

trade in markets with adverse selection and has also worked on

monetary theory and social learning. Daniel Monte has worked on

bounded rationality and is now working on matching and market

design. Enlinson Mattos works on public economics, tax policy, and

more recently in optimal provision of in-kind transfers. Klênio Barbosa

works on procurement and regulation and, more broadly, on industrial

organization, banking and corporate finance. Paulo Furquim de

Azevedo has worked on competition policy, regulation, privatization,

inter-firm contracts, vertical coordination, and bioenergy. Paulo has

served as Commissioner at CADE (Brazilian Competition Agency)

from 2006 to 2009, being its Acting President in 2008. Victor Filipe

Martins-da-Rocha works on economic theory and general equilibrium.

Victor is currently at the editorial board of Economic Theory.

eCOnOMiC THeOrY

21


The Value of (Bounded) Memory in a Changing World

Daniel Monte (with Maher Said)

Economic Theory, forthcoming.

Bounded Memory and Permanent reputations

Daniel Monte

Journal of Mathematical Economics, forthcoming.

incentive Constraints in Games with Bounded Memory

Daniel Monte

International Journal of Game Theory, forthcoming.

Matching with Quorums

Daniel Monte (with Norovsambuu Tumennasan)

Economics Letters, 2013.

Harsh default penalties lead to Ponzi schemes: a counterexample.

Victor Filipe Martins-da-Rocha (with Y. Vailakis)

Games and Economic Behavior, 2012

endogenous debt constraints in collateralized economies

with default penalties


Journal of Mathematical Economics, 2012

22

existence and uniqueness of a fixed point for local contractions


Econometrica, 2010

On equilibrium prices in continuous time

Victor Filipe Martins-da-Rocha (with F. Riedel)

Journal of Economic Theory, 2010

Financial markets with endogenous transaction costs


Economic Theory, 2010

interim efficiency with MeU-preferences.

Victor Filipe Martins-da-Rocha


interracial Friendships in College

Braz Camargo (with Ralph Stinebrickner and Todd Stinebrickner)

Journal of Labor Economics. 2010

equilibrium theory with asymmetric information

and infinitely many states

Victor Filipe Martins-da-Rocha (with Hervés-Beloso and P. Monteiro)


23

Unbounded exchange economies with satiation: How far can we go?

Victor Filipe Martins-da-Rocha (with P. Monteiro)


large economies with differential information and without free disposal

Victor Filipe Martins-da-Rocha (with L. Angeloni)


Cournot-nash equilibria in continuum games with non-ordered preferences

Victor Filipe Martins-da-Rocha (with M. Topuzu)


efficient Dissolution of Partnerships and the Structure of Control

Emanuel Ornelas (with John Turner)

Games and Economic Behavior, 2007

Good news and Bad news in Two-armed Bandits

Braz Camargo


On the long run effects of Fashion

Luis Araújo (with Raoul Minetti)

Economic Inquiry, 2007

24

asset market equilibrium with short-selling

and differential information

Victor Filipe Martins-da-Rocha (with W. Daher and Y. Vailakis)


equilibria in reflexive Banach lattices with a continuum of agents

Victor Filipe Martins-da-Rocha (with A. Araújo, P. Monteiro)


equilibrium analysis in financial markets with countably

many securities

Victor Filipe Martins-da-Rocha (with C. Aliprantis; M. Florenzano

and R. Tourky)


equilibria in large economies with differentiated commodities

and non-ordered preferences



equilibria in large economies with a separable Banach commodity

space and non-ordered preferences



25

Students planning to do their research in Financial Economics will

find a diversified group of Faculty, with both theoretical and applied

research agendas. The School’s Finance Research includes projects on

Financial Econometrics, Asset Pricing, Behavioural Finance, Corporate

Finance and Experimental Financial Economics.

Klenio Barbosa research interests in finance include Banking,

Corporate Finance and contract Theory. Bruno Ferman develops

experimental studies on consumer finance. Marcelo Fernandes research

interests include asset pricing, empirical finance, empirical market

microstructure, and financial econometrics. João Mergulhão works on

Corporate Finance and Social Networks, and Asset pricing. Pedro Valls

financial research interests include Econometrics, Empirical Finance,

Computational Finance and Time Series Econometrics.

Most of the projects run through the school research centres, providing

students with access to the main international financial databases

(WRDS, Compustat, Bloomberg, Datastream, ThomsonReuters) and

preferential access to Brazilian markets data provided BMF&Bovespa

and other national players.

The Ph.D program offers core courses in Corporate Finance, Asset

Pricing and Financial Econometrics, with both theoretical and applied

modules. Elective courses include Computational Methods, Derivatives

and Fixed Income.

FinanCial eCOnOMiCS

26


analysis of the Volatility´s Dependency Structure during

the Subprime Crisis

Pedro Valls Pereira (with B. Arruda)

Applied Economics, 2013.

international market links and volatility transmission

Marcelo Fernandes (with V. Corradi and W. Distaso)


evaluation of contagion or interdependence in the financial

crises of asia and latin america, considering the macroeconomic

fundamentals

Pedro Valls Pereira (with E. Marçal; D. Martin and T. Nakamura)

Applied Economics, 2011.

Conditional stochastic kernel estimation by nonparametric

methods

Pedro Valls Pereira (with M. Laurini)

Economics Letters, 2009.

are price limits on futures markets that cool? evidence from

the Brazilian Mercantile and Futures exchange

Marcelo Fernandes (with M. Rocha)

Journal of Financial Econometrics, 2007

Financial crashes as endogenous jumps: estimation,

testing and forecasting

Marcelo Fernandes

Journal of Economic Dynamics and Control, 2006

27

Research in macroeconomics is concern with long-term growth,

short-run fluctuations and economic crises. Much of the research in

macroeconomics employs models that describe the economy as a whole

and can be contrasted with the data, but there is also research on the

microeconomic foundations of the macroeconomic models.

Long-term growth is the main focus of the research by Professor

Vladimir Teles. He has been writing empirical and theoretical articles

about the effects on long-term growth of several factors, including:

fiscal policy and financial crises (both usually associated with short-run

macroeconomics); and even political institutions. Theoretical models of

political institutions are also part of the research by Professor Bernardo

Guimaraes.

Bernardo Guimaraes also studies financial crises, currency attacks and

sovereign debt. He has written on several topics including the role

of the IMF and the effects of world interest rates on default risk in

emerging economies. Professor Luis Araujo’s research is also related

to financial crises and, in particular, to the microeconomic aspects of

credit market failures that affect the macroeconomy.

Emanuel Ornelas is a trade economist who is exploring the central

determinants of underlying trade patterns between nations, and the

relations between trade and institutions. Two courses in international

economics cover traditional and modern theories of international

trade, incorporating both theory and empirical work.

The macro group at the Sao Paulo School of Economics also

researches on short-run macroeconomic fluctuations. Vladimir Teles

has worked on empirical studies and quantitative models applied to

the Brazilian macroeconomy and to emerging markets more generally.

Bernardo Guimaraes has been studying the role of expectations and

the possibility of coordination failures in macroeconomic models

and the microeconomic foundations behind nominal rigidities. Luis

Araujo focuses his research on models that seek to understand how

money, credit and banking affect transactions among agents and the

implications to the macroeconomy.

MaCrOeCOnOMiCS anD inTernaTiOnal eCOnOMiCS

28


US real interest rates and default risk in emerging economies

Bernardo Guimarães (with Nathan Foley-Fisher)

Journal of Money, Credit and Banking, forthcoming

The essentiality of Money in environments with Centralized Trade

Luis Araujo and Braz Camargo (with Raoul Minetti and Daniela Puzzello)

Journal of Monetary Economic, 2012

Protection and international Sourcing


Economic Journal, 2012

Sequential exporting

Emanuel Ornelas (with Facundo Albornoz, Hector Calvo-Pardo

and Gregory Corcos)

Journal of International Economics, 2012

Public Debt and the limits of Fiscal Policy to increase economic Growth

Vladimir K. Teles (with Caio Mussolini)

European Economic Review, forthcoming

Free Trade agreements and the Consolidation of Democracy

Emanuel Ornelas (with Xuepeng Liu)

American Economic Journal: Macroeconomics, forthcoming

29

Financial dollarization and systemic risks: new empirical evidence

Márcio Holland (with F. VIEIRA and M. Resende)

Journal of International Money and Finance, 2012

Sales and monetary policy

Bernardo Guimarães (with Kevin Sheedy)


On the essentiality of Banks


International Economic Review, 2011.

Knowledge sharing and the dynamics of social capital


European Economic Review, 2011.

Sovereign default: which shocks matter?

Bernardo Guimarães

Review of Economic Dynamics, 2011

Taylor Principle and inflation Stability in emerging Market Countries

Vladimir K. Teles (with Marta Zaidan)


30

Value added Taxes, Chain effects and informality

Áureo de Paula (with Jose A. Scheinkman)

American Economic Journal: Macroeconomics, 2010

Markets and relationships in a learning economy?


Review of Economic Dynamics, 2010.

Does regionalism affect Trade liberalization towards non-Members?

Emanuel Ornelas (with Caroline Freund and Antoni Estevadeordal)

Quarterly Journal of Economics, 2008

Feasible Multilateralism and the effects of regionalism

Emanuel Ornelas


Trade liberalization, Outsourcing, and the Hold Up Problem



endogenous Supply of Fiat Money

Luis Araujo and Braz Camargo


31

Value added Taxes, Chain effects and informality

Áureo de Paula (with Jose A. Scheinkman)

American Economic Journal: Macroeconomics, 2010

Markets and relationships in a learning economy?


Review of Economic Dynamics, 2010.

Does regionalism affect Trade liberalization towards non-Members?

Emanuel Ornelas (with Caroline Freund and Antoni Estevadeordal)


Feasible Multilateralism and the effects of regionalism

Emanuel Ornelas


Trade liberalization, Outsourcing, and the Hold Up Problem



endogenous Supply of Fiat Money

Luis Araujo and Braz Camargo


Financial intermediaries as Markets for Firm assets


Economic Journal, 2007

exchanging Market access at the Outsiders’ expense -

the Case of Customs Unions

Emanuel Ornelas

Canadian Journal of Economics, 2007

risk and wealth in a model of self-fulfilling currency attacks

Bernardo Guimarães (with Stephen Morris)

Journal of Monetary Economics, 2007

international lending of last resort and moral hazard: a model

of iMF’s catalytic finance

Bernardo Guimarães (with Giancarlo Corsetti and Nouriel Roubini)


Dynamics of currency crises with asset market frictions

Bernardo Guimarães


information, learning, and the Stability of Fiat Money

Luis Araújo e Braz Camargo


32

Price Dispersion, information and learning.

Luis Araújo (with Andrei Shevchenko)

Journal of Monetary Economics, 2006.

rent Destruction and the Political Viability of Free

Trade agreements

Emanuel Ornelas


endogenous Free Trade agreements and the Multilateral

Trading System

Emanuel Ornelas


Trade Creating Free Trade areas and the Undermining

of Multilateralism

Emanuel Ornelas

European Economic Review, 2005

Social norms and money

Luis Araújo

Journal of Monetary Economics, 2004.

33

Graduate students can enroll in a two trimester public economics

sequence. The first course focuses on traditional issues in public

economics such as the design of local, state and federal tax, and the

economic expenditure public policies. The second course emphasizes

recent advances in public procurement, regulation, tagging, fiscal

federalism and dynamic (OLG) models of optimal taxation. Eventually

the subject matter of these two courses can vary from year to year,

and one of the two may not be offered. We also recommend students

to enroll in a micreconometrics course. In some years, an alternative

“topics in public economics” course may also be offered.

Several faculty members work on public economics and related topics.

Enlinson Mattos examines various issues in tax policy, including

tax evasion, auditing, tax competition, conditional cash transfers

and more recently in optimal provision of in-kind transfers. Klenio

Barbosa studies theoretical and empirical issues in public procurement,

concession design and regulation. Sergio Firpo address empirically

issues in political economy. Two other scholars from the FGV’s School

of Public Administration are also affiliated with Sao Paulo School of

Economics-FGV. Ciro Biderman studies the dynamics of transportation

markets and local public finance. He is also affiliated with the Lincoln

Institute of Land Policy and the MIT. He eventually teaches a graduate

course in urban economics at the School Public Administration-FGV.

Lastly, George Avelino addresses theoretical issues in political science

and state coalitions. He also teaches a course on his research field at the

School Public Administration-FGV.

PUBliC eCOnOMiCS anD POliTiCal eCOnOMY

34


Public employment and income redistribution: Causal evidence

for Brazilian municipalities

Enlinson Mattos (with Vitor França)

Public Choice, 2011

ad-valorem tax incidence and after-tax price adjustments:

evidence from Brazilian basic food basket

Enlinson Mattos (with Ricardo Politi)

Canadian Journal of Economics, 2011

Conditional Cash Transfers, Public Provision of Private Goods,

and income redistribution

Enlinson Mattos (with Firouz Gahvari)

American Economic Review, 2007.

35

Faculty members

araÚJO, luís

PhD, University of Pennsylvania

Research Interests: Macroeconomics, Applied Theory.

aZeVeDO, Paulo Furquim

Dr USP; Pos-Doc, MIT

Research Interests: Industrial Organization

BarBOSa, Klênio

Dr, Tolouse School of Economics

Research Interests: Finance, Industrial Organization, Regulation, Public

Procurement

CaMarGO, Braz

PhD, University of Pennsylvania

Research Interests: Microeconomics, Applied Theory

De PaUla, Áureo

PhD Princeton University

Research Interests: Econometrics, Applied Microeconomics

FerMan, Bruno

PhD, MIT

Research Interests: Behavioural Finance, Consumer Finance

36

FernanDeS, Marcelo

Dr, Université Libre de Bruxelles, Pós-doc European University Institute

Research Interests: Econometrics, Empirical Finance

FirPO, Sérgio

PhD, University of California at Berkeley

Research Interests: Econometrics

GUiMarÃeS, Bernardo

PhD, Yale University

Research Interests: Macroeconomics, International Economics, Political

Economy

MaTTOS, enlinson

PhD, University of Illinois at Urbana-Champaign

Research Interests: Public Economics

MerGUlHÃO, João

Dr, Universidade Nova de Lisboa

Research Interests: Finance

PinTO, Cristine Xavier

PhD, University of California at Berkeley

Research Interests: Econometrics, Applied Microeconomics

37

MarTinS Da rOCHa, Victor Filipe

Dr, Universidade de Paris-I Panthéon Sorbonne

Research Interests: Mathemetical Economics, Finance, Economic Theory

MOnTe, Daniel

PhD, Yale University

Research Interests: Applied Theory, Game Theory, Matching

OrnelaS, emanuel

PhD, University of Wisconsin-Madison

Research Interests: International Trade, Political Economy

POnCZeK, Vladimir P.

PhD Princeton University

Research Interests: Applied Microeconomics

SOareS, rodrigo r.

Ph.D., University of Chicago

Research Interests: Development Economics, Applied Microeconomics

SOUZa, andré Portela

PhD, Cornell University

Research Interests: Applied Microeconomics

38

TeleS, Vladimir K.

Dr UnB; Pós-Doc Harvard University

Research Interests: Macroeconomics, Economic Growth

VallS Pereira, Pedro

Dr, London School of Economics - LSE

Research Interests: Econometrics, Finance

associated Faculty

BreSSer-Pereira, luiz Carlos

Dr, USP

Research Interests: Macroeconomics, Political Science

CarDOSO, eliana

PhD MIT

Research Interests: Macroeconomics

HOllanD, Márcio

Dr, UNICAMP; Pos-Doc, University of California at Berkeley

Research Interests: Macroeconomics

PaeS De BarrOS, ricardo

Ph.D., University of Chicago

Research Interests: Development Economics, Applied Microeconomics

Conselho Diretor

PresidenteCarlos Ivan Simonsen Leal

Vice-PresidentesSergio Franklin Quintella, Francisco Oswaldo Neves Dornelles e

Marcos Cintra Cavalcanti de Albuquerque

VogaisArmando Klabin, Carlos Alberto Pires de Carvalho e Albuquerque, Ernane Galvêas,

José Luiz Miranda, Lindolpho de Carvalho Dias, Manoel Pio Correa Júnior, Marcílio

Marques Moreira e Roberto Paulo Cezar de Andrade

SuplentesAntonio Monteiro de Castro Filho, Cristiano Buarque Franco Neto, Eduardo Baptista

Vianna, Gilberto Duarte Prado, Jacob Palis Júnior, José Ermírio de Moraes Neto, Marcelo

José Basílio de Souza Marinho e Maurício Matos Peixoto.

Conselho Curador

PresidenteCarlos Alberto Lenz César Protásio

Vice-PresidenteJoão Alfredo Dias Lins (Klabin Irmãos e Cia)

VogaisAlexandre Koch Torres de Assis, Andrea Martini (Souza Cruz S/A), Angélica Moreira

da Silva (Federação Brasileira de Bancos), Ary Oswaldo Mattos Filho, Carlos Moacyr

Gomes de Almeida, Estado do Rio Grande do Sul, Heitor Chagas de Oliveira, Jacques

Wagner (Estado da Bahia), Leonardo André Paixão (IRB – Brasil Resseguros S.A.),

Luiz Chor (Chozil Engenharia Ltda), Marcelo Serfaty, Marcio João de Andrade Fortes,

Orlando dos Santos Marques (Publicis Brasil Comunicação Ltda), Pedro Henrique

Mariani Bittencourt (Banco BBM S.A), Raul Calfat (Votorantim Participações S.A),

Ronaldo Mendonça Vilela (Sindicato das Empresas de Seguros Privados, de Previdência

Complementar e de Capitalização nos Estados do Rio de Janeiro e do Espírito Santo)

e Sandoval Carneiro Junior.

SuplentesAldo Floris, José Carlos Schmidt Murta Ribeiro, Luiz Ildefonso Simões Lopes

(Brookfield Brasil Ltda), Luiz Roberto Nascimento Silva, Manoel Fernando Thompson

Motta Filho, Nilson Teixeira (Banco de Investimentos Crédit Suisse S.A), Olavo

Monteiro de Carvalho (Monteiro Aranha Participações S.A), Patrick de Larragoiti

Lucas (Sul América Companhia Nacional de Seguros), Roberto Castello Branco (Vale

S.A), Rui Barreto (Café Solúvel Brasília S.A), Sérgio Lins Andrade (Andrade Gutierrez

S.A) e Victório Carlos De Marchi (Café Solúvel Brasília S.A).

DiretorYoshiaki Nakano

TraduçãoAlvamar Helena de Campos

Andrade Lamparelli

Coordenação editorialVladimir Teles

Lilian Furquim C. Andrade.

ColaboradoresMarcio Holland de Brito

Pedro Luis Valls Pereira

Valéria Almeida Barbosa

Andreia da Silva

Mayra Ivanoff Lora

Fernanda Probaos Crisafulli Campos

equipe de Produção | FGV Projetoscoordenadora de comunicação e marketing

Melina Bandeira

revisão

Cristina Romanelli

coordenação do projeto Gráfico

Patricia Werner

Diagramação

Camila Senna

FotosPatricia Fiuza

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