Navegando por Autor "Franchini, Douglas de Souza"

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Estudo da restrição de crédito sobre o consumidor brasileiro
(2009) Franchini, Douglas de Souza
Este trabalho consiste no estudo do comportamento da série histórica do consumo Final brasileira de acordo com renda, spread médio diário publicado pelo Banco Central e a taxa básica de juro SELIC. Para analisar o efeito que estas variáveis causam sobre o mesmo, foi estimado um VAR e aplicado a resposta ao impulso generalizada na função, de forma a verificar como o consumo se comporta de acordo com os choques exógenos nas outras variáveis.
The Stationarity of Consumption–Income Ratios: Evidence from South American Countries
(2008) Gomes, Fábio Augusto Reis; Franchini, Douglas de Souza
The aim of this paper is to analyze the order of integration of the consumption–income ratio in 10 South American countries. To fulfill this purpose, the individual ADF test, its panel versions [Maddala and Wu (1999) and Choi (2001)] and the Minimum LM unit root test with structural break(s) [Lee and Strazicich (1999, 2003)] were employed. While the former tests found more favorable evidence to an integrated process, after controlling for structural breaks only Uruguay seems to be integrated. Thus, in general, the consumption-income ratio was diagnosed as a stationary process, as suggested by the relative income hypothesis, the habit persistence model, the permanent income hypothesis and the life cycle hypothesis.