Evaluation of public training programs has stronger developed in the last decades because of the use of causal inference methods. This paper shows an overview of the disposable methods of public training programs evaluation in the context of randomized experiments also in observational studies....

This paper studies the relation between Mexican and American economy, and how the increase in interest rate in US would impact the rest of the world, because of the lower economic growth, and its consequence of lower exports growth of the rest of the world to US. This policy decreases capital...

This paper estimates the exchange rate pass through to the consumer prices of tradable goods in Colombia during the period 1994-2007. The econometric analysis shows evidence of cointegration among the prices of tradable goods, nominal exchange rate, international prices and the trade...

Empirical evidence shows that fixed exchange rates do not provide more fiscal discipline than flexible regimes, despite the fact that, in priciple, fixing the exchange rate imposes important restrictions on seignoriage revenues. A more detailed analysis of seignoriage allows to explain the...

The paper analyzes the relationship between the Mexican peso/ USD exchange rate and the net positions of speculators in the peso futures market at the Chicago Mercantile Exchange within the microstructure approach to exchange rate determination. For the period January 5th, 1999-November 1st,...

Este documento de trabajo provee un análisis empírico de la relación entre movimientos del tipo de cambio y los principales índices de precios en los países de la OECD. El análisis del trabajo esta centrado en cómo diferentes ambientes inflacionarios permitirían explicar el descenso en...

The exchange rate is influenced by multiple national and international macroeconomic factors, which generates high levels of uncertainty. The objective of this research is the construction of ARIMA-GARCH and ARIMAX-GARCH models as a tool for the forecast of the exchange rate in Colombia from the...