I am an applied and empirical microeconomist, with particular interests in Industrial Organization and Antitrust, Economics of Banking and Credit Markets, Economics of Crime and Political Economy. You will find detailed information on my research at the links below.
Economics of Banking
A relational theory of relationship lending under contractual incompleteness (with Vinicius Carrasco), Annals of Finance (2010)
We consider a model of repeated (relationship) lending in which some contingencies that are relevant...
Identifying bank lending reaction to monetary policy through data frequency (with Marcio Garcia and Christiano Arrigoni), Revise and Resumit to Economía, the Journal of LACEA (2009)
Using the daily frequencies of interest rates and new loans in our data as a...
Informational spillovers in the pre-1914 London Sovereign Debt Market (with Antonio Sodré and Marcelo Abreu), Revise and Resubmit to the Journal of Money, Credit and Banking (2009)
We document a novel type of international financial contagion whose driving force is shared financial...
Judicial Risk and Credit Market Performance: Micro Evidence from Brazilian Payroll Loans (with Ana C. Costa), Financial Markets Volatility and Performance in Emerging Markets, (Inter-American Seminar on Economics) (2008)
A large body of literature has stressed the institution-development nexus as critical in explaining differences...
Economics of Crime
Assessing São Paulo´s Large Drop in Homicides: The Role of Demography and Policy Interventions (with Alexandre Schneider), The Economics of Crime: Lessons for and from Latin America (2010)
After reaching a historic peak by the end of the 1990s, homicides in the São...
Does Crime Affect Economic Decisions? An Empirical Investigation of Savings in a High-Crime Environment (with Eduardo Zilberman), The B.E. Journal of Economic Analysis & Policy (2009)
While most economic studies of crime have examined the determinants of criminal activity, this paper...
Dry Laws and Homicides: Evidence from the São Paulo Metropolitan Area (with Ciro Biderman and Alexandre Schneider), Economic Journal (2009)
We use a difference-in-differences design to estimate the causal impact of the adoption of dry...
Mudança Demográfica e a Dinâmica dos Homicídios em São Paulo (with Alexandre Schneider), Revista São Paulo em Perspectiva (2007)
Neste artigo, estima-se a contribuição da mudança na estrutura etária para a alteração nas taxas...
Industrial Organization and Antitrust
Predação através de programas de fidelização: o caso do programa TÔ CONTIGO (with Vinicius Carrasco), A Revolução Antitruste no Brasil 2 (2008)
Are Public Banks pro-Competitive? Evidence from Concentrated Local Markets in Brazil (with Christiano Arrigoni and Leonardo Rezende), Working Paper Series - Departamento de Economia PUC-Rio (2007)
We extend Bresnahan and Reiss’s (1991a) framework in order to measure the competitive effect of...
Atos de Concentração e Conduta no Setor Bancário, Métodos quantitativos em defesa da concorrência e regulação econômica (2006)
Political Economy
Campaign Advertising and Election Outcomes: Quasi-Natural Experiment Evidence from Gubernatorial Elections in Brazil (with Bernardo Silveira), Revise and Resubmit to the Review of Economic Studies (2009)
Whether campaign advertising influence elections’ outcome is an open question, a paradox given the amount...
ELECTORAL RULES, POLITICAL COMPETITION AND FISCAL SPENDING: REGRESSION DISCONTINUITY EVIDENCE FROM BRAZILIAN MUNICIPALITIES (with Sergio Firpo and Marcos Chamon), IZA Discussion Papers Series No. 4658 (2009)
We exploit a discontinuity in Brazilian municipal election rules to investigate whether political competition has...