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  • Do sovereign wealth funds dampen the negative effects of commodity price volatility? 

    Mohaddes, Kamiar; Raissi, M
    This paper studies the impact of commodity terms of trade (CToT) volatility on economic growth (and its sources) in a sample of 69 commodity-dependent countries, and assesses the role of Sovereign Wealth Funds (SWFs) and ...
  • The Output Cost of Gender Discrimination: A Model-based Macroeconomics Estimate 

    Cavalcanti, Tiago Vanderlei; Tavares, J (Wiley-Blackwell, 2016-02-10)
    We use a growth model in which saving, fertility and labour market participation are endogenous, to quantify the cost that barriers to female labour force participation impose in terms of an economy’s output. The model is ...
  • The effects of credit subsidies on development 

    Antunes, A; Cavalcanti, Tiago Vanderlei; Villamil, A (Springer, 2015-01)
    Under credit market imperfections, the marginal product of capital may not be equalized, resulting in misallocation and lower output. Preferential interest rate policies are often used to remedy the problem. This paper ...
  • Stock prices and monetary policy shocks: A general equilibrium approach 

    Challe, E; Giannitsarou, Chrysi (Elsevier, 2014-03)
    Empirical literature documents that unexpected changes in the nominal interest rates have a significant effect on real stock prices: a 100-basis point increase in the nominal interest rate is associated with an immediate ...

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