Cruz, Salvador; García, Susana; Venegas-Martínez, … - In: El Trimestre Económico LXXXII (1) (2015) 325, pp. 211-244
This paper aims to analyze, by using the concept of mutual information, the existing relationship between the nominal exchange rate and different inflation components. The proposed information measure captures the dependence structure between these two variables, resulting in new empirical...