This paper investigates the relationship between market integration and price convergence in international markets. Using a panel data set of consumer price indices (general and by groups and classes), we examine how European market integration has affected cross-country dispersion in the...

Este trabajo trata de identificar regímenes de cambio implícitos mediante el uso de procedimientos estadísticos. En particular, empleamos tres técnicas alternativas propuestas recientemente en este área de investigación: el índice de flexibilidad del tipo de cambio de Poirson (2001), el...

En este trabajo evaluamos la convergencia en niveles de precios entre Las provincias españolas. Para ello, a partir de series largas del Indice de Precios de Consumo para las 50 provincias, aplicamos tanto contrastes De Raíces unitarias y de estacionariedad a las diferencias frente a la Media...

In this paper, we propose a new test, based on the stability of the largest Lyapunov exponent from different sample sizes, to detect chaotic dynamics in economic and financial time series. We apply this new test to the simulated data used in the single-blind controlled competition among tests...

Previous empirical studies have shown that predictive regressions in which model uncertainty is assessed and propagated generate desirable properties when predicting out-of-sample. However, it is still not clear (a) what the important conditioning variables for predicting stock returns...