Roberta de Moraes Rocha

Por que os estados brasileiros têm reações assimétricas a choques na política monetária

This paper examines whether monetary policy has similar effects across Brazilian States. Our impulse response functions from state-level estimated structural vector autoregression (SVAR) reveal asymmetries in output responses to a monetary policy shock. We further investigate the reasons for the measured cross-state differential policy responses. The evidence suggests that the size of a state’s response is related to economy’s industry-mix variables, to the openness degree and to the state’s credit volume providing evidence of an interest rate and credit-channels for monetary policy. The results also present some support to for demographic and labor markets channels theories. The results offer some words of caution for the monetary policy management in Brazil. Policy actions that fail to acknowledge the state-level socio-economic diversity may yield undesirable results and may increase regional disparities within the country.

As amenidades naturais influenciam a escolha locacional dos trabalhadores? evidências para as regiões metropolitanas brasileiras

The article shows evidence of the importance of the natural attributes of metropolitan regions (MR) of Brazil in workers´ location choices. The analysis is based on the Roback location choice model (1982). The model was used to derive the value placed by workers on living in localities that offer them consumption of natural amenities. The main results of the survey show that workers are willing to pay to live in MRs closer to the sea, with higher annual average rainfall rates, in more humid MRs, or with higher average temperatures in January. On the other hand, the offset for workers to live in MRs with higher average rainfall rates in September or higher average temperatures in July should be monetary compensation.

Valoração das amenidades urbanas: uma estimação a partir dos diferenciais salariais e do custo de habitação para as regiões metropolitanas brasileiras

Seguindo a linha dos estudos que objetivam valorar as amenidades urbanas, o presente artigo se propos a aplicar uma abordagem, alternativamente a hedonica, para levantar evidencias da qualidade de vida das regioes metropolitanas brasileiras. Dessa forma, a abordagem da preferencia revelada (Kahn, 2005) foi aplicada para ordenar as regioes metropolitanas em relacao a qualidade de vida ofertada, supondo que os diferencias da remuneracao do trabalho e do custo com a habitacao, que tendem a persistir entre as regioes de um pais, informam sobre a qualidade das amenidades ofertadas por elas. Baseando-se nessa hipotese, o ranking estabelecido, de acordo com Kahn (1995), a partir do salario nominal e do aluguel nominal, indicou a seguinte ordenacao das regioes metropolitanas com respeito a qualidade de vida: Belem, Sao Paulo, Rio de Janeiro, Recife, Salvador, Porto Alegre, Fortaleza, Curitiba, Belo Horizonte.

Do natural amenities affect location choices of workers? Evidence for Brazilian metropolitan regions

The article shows evidence of the importance of the natural attributes of metropolitan regions (MR) of Brazil in workers´ location choices. The analysis is based on the Roback location choice model (1982). The model was used to derive the value placed by workers on living in localities that offer them consumption of natural amenities. The main results of the survey show that workers are willing to pay to live in MRs closer to the sea, with higher annual average rainfall rates, in more humid MRs, or with higher average temperatures in January. On the other hand, the offset for workers to live in MRs with higher average rainfall rates in September or higher average temperatures in July should be monetary compensation.

¿Los atractivos naturales influencian a los trabajadores en la elección de un lugar? Evidencias en las regiones metropolitanas brasileñas

The article shows evidence of the importance of the natural attributes of metropolitan regions (MR) of Brazil in workers´ location choices. The analysis is based on the Roback location choice model (1982). The model was used to derive the value placed by workers on living in localities that offer them consumption of natural amenities. The main results of the survey show that workers are willing to pay to live in MRs closer to the sea, with higher annual average rainfall rates, in more humid MRs, or with higher average temperatures in January. On the other hand, the offset for workers to live in MRs with higher average rainfall rates in September or higher average temperatures in July should be monetary compensation.