-integration models ARDL and VECM, while for the cases of absence of a common stochastic trend the short-term coefficients are obtained … through VAR models. At the end, short and long-term ARDL estimates are also made with variables that present a different order … income and the price index are always significant except for Peru. The variables of real exchange rate and volatility are …

-integration models ARDL and VECM, while for the cases of absence of a common stochastic trend the short-term coefficients are obtained … through VAR models. At the end, short and long-term ARDL estimates are also made with variables that present a different order … income and the price index are always significant except for Peru. The variables of real exchange rate and volatility are …

Through a VECM, during 1961-2017 in Argentina, we found cointegration between the Multilateral Real Exchange Rate and …

Through a VECM, during 1961-2017 in Argentina, we found cointegration between the Multilateral Real Exchange Rate and …

, we estimate Vector Autoregressive Models (VAR). Subsequently, we estimate Autoregressive Distributed Lags Models (ARDL …

: I) no efficiency of the market; II) heavy tails of the distribution; III) aggregational Gaussianity; IV) volatility …

, we estimate Vector Autoregressive Models (VAR). Subsequently, we estimate Autoregressive Distributed Lags Models (ARDL …

market; II) heavy tails of the distribution; III) aggregational Gaussianity; IV) volatility clustering and V) Taylor effect …