This paper evaluates from a microeconomic perspective the lending cost determinants in the Peruvian banking system in the June 2004-December 2005 period. The evaluation considers the credit market segments identified in a prior study (published in 2002). Furthermore, it reviews the progress...

Spanish Abstract: En este trabajo se examina la evolución del señoreaje y del impuesto inflacionario en Venezuela en el período 1980-2012. Las estimaciones ponen en evidencia la creciente significación que para los ingresos del sector público tienen estas fuentes de financiamiento fiscal,...

This document analyzes inflation, exchange rate, interest rate, and GDP growth forecasts from the monthly Survey of Specialists in Economics from the Private Sector, maintained by Banco de M'exico. The study concentrates on the mean across forecasters for the period from January 1995 to April...

Four specifications of an affine model with risk aversion and no arbitrage conditions are estimated for the Mexican Term Structure of Interest Rates, contrasting their empirical properties and the accuracy of their in and out of sample forecasts. The traditional models are extended by adding...

This document analyzes inflation, exchange rate, interest rate, and GDP growth forecasts from the monthly Survey of Specialists in Economics from the Private Sector, maintained by Banco de M´exico. The study concentrates on the mean across forecasters for the period from January 1995 to April...

Four specifications of an affine model with risk aversion and no arbitrage conditions are estimated for the Mexican Term Structure of Interest Rates, contrasting their empirical properties and the accuracy of their in and out of sample forecasts. The traditional models are extended by adding...

This document analyzes inflation, exchange rate, interest rate, and GDP growth forecasts from the monthly Survey of Specialists in Economics from the Private Sector, maintained by Banco de México. The study concentrates on the mean across forecasters for the period from January 1995 to April...

Since the adoption of the fully-fledged inflation targeting (IT) regime by an important group of central banks, a measure of both the potential output and the natural interest rate have become one of the main concerns of the research agenda. Estimation of the natural interest rate (NIR) is...

En este trabajo se presentan simulaciones a partir de un Modelo de Equilibrio General Dinámico Estocástico calibrado para la economía boliviana con el propósito de evaluar la efectividad de la respuesta de política monetaria a shocks exógenos en las exportaciones,productividad y tasas de...

Este artículo presenta una colección de funciones computacionales que son utilizadas en la implementación de un análisis bayesiano exhaustivo para la diferencia de dos proporciones. Con este fin, se discute la estimación puntual, la estimación mediante intervalos de credibilidad y la...