The intention of this research is to solve the statistical difficulty when statistical economic series are spliced. Therefore, this paper discusses the scope of the various methods of splicing in the literature. Also presents an additional method, which considers a process of maximization for...

Since the seventies the Organization of Petroleum Exporting Countries (OPEC) has exercised a monopolistic power playing a dominant role in the oil market, but with varying degrees of influence. The aim of this investigation is to determine which variables explain changes in OPEC’s market power...

In this paper we examine the importance of institutional arrangements and factors related to the economic structure to explain inflation outcomes in Latin America. We perform a dynamic panel data analysis with an ample set of variables that allowed us to consider the temporal dimension of the...