HENRIQUE VERAS DE PAIVA FONSECA (original) (raw)
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Papers by HENRIQUE VERAS DE PAIVA FONSECA
B E Journal of Macroeconomics, 2015
This paper investigates the long-term relationship between early life exposure to malaria and adu... more This paper investigates the long-term relationship between early life exposure to malaria and adult socioeconomic outcomes in Brazil. The identification strategy relies on exogenous variation in the risk of malaria outbreaks in different states and seasons of the year to identify early life exposure according to the timing and location of birth. Furthermore, Brazil has undergone a successful campaign of malaria eradication during the 1950s, which allows for employing a differences-in-differences design to compare outcomes of birth cohorts born just prior to and just after eradication. I find consistent negative treatment effects of in utero exposure on years of education and on income levels and the effects are stronger for exposure during the first trimester of pregnancy than during other periods of gestation. Additionally, consistent with previous findings, men are more likely to exhibit larger long-term effects. I find no significant treatment effects of early life exposure to ma...
The B.E. Journal of Macroeconomics, 2015
This paper implements a structural vector auto regression (SVAR) analysis to investigate the impa... more This paper implements a structural vector auto regression (SVAR) analysis to investigate the impacts and importance of fiscal shocks on the dynamics of the real exchange rate and the trade balance in three emerging economies: Brazil, Chile and Mexico. We show that the effects of an unexpected increase in government spending are not uniform across countries with higher spending leading to a depreciation of the real exchange rate in Brazil and Chile, whereas in Mexico, we observe an appreciation. The trade balance deteriorates in all three countries. We also report that an unexpected increase in taxes leads to recessionary impacts and improves the trade balance. Only in Mexico is there evidence of a real exchange rate depreciation. Finally, we show that fiscal shocks account for roughly 20% of real exchange fluctuations.
B E Journal of Macroeconomics, 2015
This paper investigates the long-term relationship between early life exposure to malaria and adu... more This paper investigates the long-term relationship between early life exposure to malaria and adult socioeconomic outcomes in Brazil. The identification strategy relies on exogenous variation in the risk of malaria outbreaks in different states and seasons of the year to identify early life exposure according to the timing and location of birth. Furthermore, Brazil has undergone a successful campaign of malaria eradication during the 1950s, which allows for employing a differences-in-differences design to compare outcomes of birth cohorts born just prior to and just after eradication. I find consistent negative treatment effects of in utero exposure on years of education and on income levels and the effects are stronger for exposure during the first trimester of pregnancy than during other periods of gestation. Additionally, consistent with previous findings, men are more likely to exhibit larger long-term effects. I find no significant treatment effects of early life exposure to ma...
The B.E. Journal of Macroeconomics, 2015
This paper implements a structural vector auto regression (SVAR) analysis to investigate the impa... more This paper implements a structural vector auto regression (SVAR) analysis to investigate the impacts and importance of fiscal shocks on the dynamics of the real exchange rate and the trade balance in three emerging economies: Brazil, Chile and Mexico. We show that the effects of an unexpected increase in government spending are not uniform across countries with higher spending leading to a depreciation of the real exchange rate in Brazil and Chile, whereas in Mexico, we observe an appreciation. The trade balance deteriorates in all three countries. We also report that an unexpected increase in taxes leads to recessionary impacts and improves the trade balance. Only in Mexico is there evidence of a real exchange rate depreciation. Finally, we show that fiscal shocks account for roughly 20% of real exchange fluctuations.