Digital Commons Network^™

Does Macroeconomics Need Microeconomic Foundations?, Sergio Da Silva

Sergio Da Silva

I argue that it is microeconomics that needs foundations, not macroeconomics. Preferences need to be built on biology, and, in particular, on neuroscience. In contrast, macroeconomics could benefit from rationalizations of aggregate economic phenomena by non-equilibrium statistical physics.

Crisis, Imbalance, And Prospects For The Dollar, Sergio Da Silva

Sergio Da Silva

One positive aspect of the financial crisis was the boost to the dollar. However, global imbalances have put further pressure on the future of American finance.

Bolhas Racionais No Indice Bovespa, Mauricio Nunes, Sergio Da Silva

Sergio Da Silva

We checked for the presence of rational bubbles in the São Paulo Stock Exchange index using both linear and nonlinear cointegration. We detected the presence of explosive and periodically collapsing bubbles, but we could not track intrinsic bubbles.

Ranking The Stocks Listed On Bovespa According To Their Relative Efficiency, Ricardo Giglio, Sergio Da Silva

Sergio Da Silva

A methodology based on the algorithmic complexity theory has been applied to assess the relative efficiency of the stocks listed on Bovespa. We provide eight alternative listings of the top ten stocks according to their efficiency rates.

Going Parochial In The Assessment Of The Brazilian Economics Research Output, Sergio Da Silva

Sergio Da Silva

I evaluate the just launched official criterion for assessing the economics research output in Brazil, called “Qualis”. I compare it with the simple journal impact factors released by RePEc. Four biases are identified: (1) left-wing journals have been favored, (2) mainstream British journals have been downgraded, (3) cross disciplinary research output has been neglected, and (4) domestic journals have been favored.

Reactions to this paper

F. S. Lee, B. C. Cronin, S. McConnel, E. Dean (2010) Research quality rankings of heterodox economic journal in a contested discipline, American Journal of Economics and Sociology 69(5), 1409-1452

J. R. Faria (2010) Most …