US real interest rates and default risk in emerging economies

This paper empirically investigates the impact of changes in US real interest rates on sovereign default risk in emerging economies using the method of identification through heteroskedasticity. Policy-induced increases in US interest rates starkly raise default risk in emerging market economies. However, the overall correlation between US real interest rates and the risk of default is negative, demonstrating that the effects of other variables dominate the anterior relationship

Nature's choice? a study of the displacement of incumbents in elections

Como choques econômicos afetam eleições em democracias? Usando dados eleitorais do Congresso dos Estados Unidos, eu testo se choques adversos podem afetar desigualmente partidos incumbentes e oponentes. Esse efeito é identificado, entre vários procedimentos, por uma regressão em descontinuidade. Eu considero possibilidades teóricas para esse efeito, quando cidadãos não conseguem observar perfeitamente se a falta de bens públicos é devido a um choque adverso, ou a consumo privado do político. Quando o choque é observável, não há efeito; enquanto se não fosse, haveria. As evidências empíricas são consistentes com a teoria.

Inequality of opportunity in daycare and preschool services in Brazil

In this paper we measure inequality of opportunity in daycare and preschool services in Brazil. For this purpose, we construct an opportunity index that modifies the human opportunity index proposed in the literature and used in Barros et al. (2009) to measure inequality in basic opportunities in Latin America and the Caribbean. Specifically, we construct an opportunity measure that includes not only attendance but also parental choice not to enroll children in daycare or preschool, using data from a supplementary questionnaire included in the 2006 version of Pesquisa Nacional por Amostra de Domicílios (PNAD). The results show that there are large differences between our opportunity index and the human opportunity index for children aged 0-3 years old and considerably smaller differences for children aged 4-6 years old, which suggests that preschool may be closer to a basic opportunity than daycare.

The effects of gender segregation at the establishment level: an empirical analysis using a panel of matched employer-employee data

This paper studies the relationship between segregation of women across establish- ments and the wages of males and females. To investigate this issue empirically we use a panel of matched employer-employee data from Brazil. Various longitudinal models are used to assess the wage impact of establishment gender segregation. Overall, the results indicate that the e ect of establishment female proportion on the wages of males and females is negative. We also compare these longitudinal results with cross-section estimates, which are the usual ones obtained in the related literature. This com- parison suggests that unmeasured, time-invariant worker- and establishment-speci c e ects are correlated with the establishment female composition.

The Genome Sequence of Taurine Cattle: A Window to Ruminant Biology and Evolution

To understand the biology and evolution of ruminants, the cattle genome was sequenced to about sevenfold coverage. The cattle genome contains a minimum of 22,000 genes, with a core set of 14,345 orthologs shared among seven mammalian species of which 1217 are absent or undetected in noneutherian (marsupial or monotreme) genomes. Cattle-specific evolutionary breakpoint regions in chromosomes have a higher density of segmental duplications, enrichment of repetitive elements, and species-specific variations in genes associated with lactation and immune responsiveness. Genes involved in metabolism are generally highly conserved, although five metabolic genes are deleted or extensively diverged from their human orthologs. The cattle genome sequence thus provides a resource for understanding mammalian evolution and accelerating livestock genetic improvement for milk and meat production.

Strain Gauge Analysis of the Effect of Porcelain Firing Simulation on the Prosthetic Misfit of Implant-Supported Frameworks

Objectives: This study investigated the effect of porcelain firing on the misfit of implant-supported frameworks and analyzed the influence of preheat treatment on the dimensional alterations.Materials and Methods: Four external-hex cylindrical implants were placed in polyurethane block. Ten frameworks of screw-retained implant-supported prostheses were cast in Pd-Ag using 2 procedures: (1) control group (CG, n = 5): cast in segments and laser welded; and test group (TG, n = 5): cast in segments, preheated, and laser welded. All samples were subjected to firing to simulate porcelain veneering firing. Strain gauges were bonded around the implants, and microstrain values (mu epsilon = 10(-6)epsilon) were recorded after welding (M1), oxidation cycle (M2), and glaze firing (M3). Data were statistically analyzed (2-way analysis of variance, Bonferroni, alpha = 0.05).Results: The microstrain value in the CG at M3 (475.2 mu epsilon) was significantly different from the values observed at M1 (355.6 mu epsilon) and M2 (413.9 mu epsilon). The values at M2 and M3 in the CG were not statistically different. Microstrain values recorded at different moments (M1: 361.6 mu epsilon/M2: 335.3 mu epsilon/M3: 307.2 mu epsilon) did not show significant difference.Conclusions: The framework misfit deteriorates during firing cycles of porcelain veneering. Metal distortion after porcelain veneering could be controlled by preheat treatment. (Implant Dent 2012;21:225-229)

A new approach to superstring field theory

I review the construction of an action for open superstring field theory which does not suffer from the contact term problems of other approaches. I also discuss a possible generalization of this action for closed superstring field theory.

The tachyon potential in open Neveu-Schwarz string field theory

A classical action for open superstring field theory has been proposed which does not suffer from contact term problems. After generalizing this action to include the non-GSO projected states of the Neveu-Schwarz string, the pure tachyon contribution to the tachyon potential is explicitly computed. The potential has a minimum of V = 1/32g(2) which is 60% of the predicted exact minimum of V = 1/2 pi(2)g(2) from D-brane arguments.

Dual superconformal symmetry, and the amplitude/Wilson loop connection

We show that tree level superstring theories on certain supersymmetric backgrounds admit a symmetry which we call "fermionic T-duality". This is a non-local redefinition of the fermionic worldsheet fields similar to the redefinition we perform on bosonic variables when we do an ordinary T-duality. This duality maps a supersymmetric background to another supersymmetric background with different RR fields and a different dilaton. We show that a certain combination of bosonic and fermionic T-dualities maps the full superstring theory on AdS(5) x S-5 back to itself in such a way that gluon scattering amplitudes in the original theory map to something very close to Wilson loops in the dual theory. This duality maps the "dual superconformal symmetry" of the original theory to the ordinary superconformal symmetry of the dual model. This explains the dual superconformal invariance of planar scattering amplitudes of N = 4 super Yang Mills and also sheds some light on the connection between amplitudes and Wilson loops. In the appendix, we propose a simple prescription for open superstring MHV tree amplitudes in a flat background.

Pure spinors, twistors, and emergent supersymmetry

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Taming the b antighost with Ramond-Ramond flux

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

Pure spinor vertex operators in Siegel gauge and loop amplitude regularization

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

Regularizing cubic open Neveu-Schwarz string field theory

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)