We study the interest rate spread of the Argentine financial system during the last eighteen years. We analyze Granger causality of selected variables, and estimate econometric models that relate spread to macroeconomic and microeconomic factors. Resuls indicate that output growth and...

We study the interest rate spread of the Argentine financial system during the last eighteen years. We analyze Granger causality of selected variables, and estimate econometric models that relate spread to macroeconomic and microeconomic factors. Resuls indicate that output growth and...

The aim of this study is to gather empirical evidence to discern theimpact of real exchange rate on the Colombian economy during 1990to 2002. The problem when you try to find this impact is the estimationof the real exchange rate of equilibrium, the one that is consistentwhit the simultaneous...

Partiendo de la base teórica de que existe una relación positiva entre el desarrollo del mercado de capitales y el crecimiento económico, se construyen indicadores de tamaño, liquidez, riesgo, integración y eficiencia, para el mercado accionario colombiano. Para esto, se usan medidas...

A fin de interpretar el desempeño del crédito bancario observado durante los años 90 y principios del actual decenio en Colombia, se construyó un modelo teórico de equilibrio general dinámico. Además, se puso a prueba econométrica la ecuación generada en tal modelo que establece una...

English Abstract: The main aim of this paper is to provide a set of stylised facts on the regularities of cyclical patterns in Spain compared with those of the major European countries and to analyse the synchronisation of the main real variables of these economies, which have close trading and...

Spanish Abstract: MotivaciónEl impacto desigual por ramas de actividad de las recientes perturbaciones que han afectado a la economía española, vinculadas tanto al COVID-19 o como al repunte de los precios energéticos, ha puesto de manifiesto la importancia del seguimiento de la actividad...

This paper presents an empirical characterization of Uruguayan’s Business Cycle applying the Switching Regime methodology; three scenarios were considered: recession, moderate growth and boom. The relation between regional and Uruguayan’s business cycle is analyzed through the same...

We estimate the Okun Law for Andalusia and Spain using quarterly data for the period 1984-2000. We take a VAR approach that allows us to unveil the different dynamic behaviour of the relationship between the output gap and the unemployment gap in the two regions, as well as the asymmetric nature...