Combinación de Proyecciones para el Precio del Petróleo: Aplicación y Evaluación de Metodologías [PDF]
This paper conducts an exhaustive out-of-sample forecasting evaluation exercise for the monthly price of crude oil between 1992 and 2011. The idea is to identify the forecasting strategy that results in the “best” forecasts in terms of mean forecasting ...
Ercio Muñoz +2 more
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Evaluating Labor Market Flexibility in Chile from an International Perspective [PDF]
We rank Chile in terms of labor market flexibility among a group that includes both OECD and emerging economies. We use a performance-based indicator of labor-market flexibility based on the half life of unemployment responses to macroeconomic shocks ...
Elías Albagli I. +2 more
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Non-Ricardian Aspects of Fiscal Policy in Chile [PDF]
This paper examines non-Ricardian effects of government spending shocks in the Chilean economy. We first provide evidence on those effects based on vector autoregressions. We then show that such evidence can be accounted for by a model that features: (i)
Jordi Galí +2 more
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La Tasa de Cambio Real de Equilibrio en Colombia y su Desalineamiento: Estimación a través de un modelo SVEC [PDF]
En este documento se calcula la tasa de cambio real de equilibrio y su desalineamiento. Este último entendido como la diferencia entre la tasa real de cambio observada y la tasa de equilibrio.
Enrique López Enciso +2 more
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A structurally unique Fusobacterium nucleatum tannase provides detoxicant activity against gallotannins and pathogen resistance. [PDF]
Microb Biotechnol, 2022 Mancheño JM +23 more
europepmc +1 more source
, 2016 La salida de la convertibilidad del peso con el dólar en la Argentina hacia fines del 2001 implicó un cambio de régimen macroeconómico, así como el retorno de un fenómeno de larga data dentro de su historia económica: la inflación. El objetivo del presente trabajo es desentrañar los fundamentos que guían dicho fenómeno en sus distintas etapas dentro ...
openaire +1 more source
Is the Budget Deficit Sustainable when Fiscal Policy is nonlinear? The Case of Spain, 1961-2001 [PDF]
In this paper we re-examine the long-run sustainability of budget deficits, when fiscal policy is conducted as a nonlinear process. Our empirical methodology makes use of recent developments on threshold cointegration that consider the possibility of a ...
Carmen Díaz-Roldán +2 more
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Recent Behavior of Output, Unemployment, Wages and Prices in Colombia:What went Wrong? [PDF]
At the end of the last decade, the real activity in Colombia underwent the sharpest recession of the last fifty years. We postulate a non-triangular structural VAR model(Amisano and Giannini, 1997) to describe the dynamics of output, prices, unemployment
Ana María Iregui +2 more
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Una medida de inflación subyacente para propuestas de política monetaria en el Perú [PDF]
Clasificación JEL:
Ferreyros Calderón, Guillermo +1 more
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UNDERSTANDING THE FUNCTIONAL CENTRAL LIMIT THEOREMS WITH SOME APPLICATIONS TO UNIT ROOT TESTING WITH STRUCTURAL CHANGE [PDF]
This paper analyzes and employs two versions of the Functional Central Limit Theorem within the framework of a unit root with a structural break. Initial attention is focused on the probabilistic structure of the time series to be considered.
Gabriel Rodríguez, Juan Carlos Aquino
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