En este trabajo se propone una metodología para el análisis de la coyuntura de indicadores económicos basada en resultados, fundamentalmente predicciones, obtenidos mediante modelos econométricos. La metodología consiste en realizar el análisis econométrico sobre una desagregación, por...

Inflation in the European Monetary Union is measured by the Harmonised Indices of Consumer Prices (HICP) and it can be analysed by breaking down the aggregate index in two different ways. One refers to the breakdown into price indexes corresponding to big groups of markets throughout the...

In this paper we carry a disaggregated study of the monthly US Consumer Price Index (CPI). We consider a breakdown of US CPI in four subindexes, corresponding to four groups of markets: energy, food, rest of commodities and rest of services. This is seen as a relevant way to increase information...

Inflation in the European Monetary Union is measured by the Harmonized Indices of Consumer Prices (HICP) and it can be analysed by breaking down the aggregate index in two different ways. One refers to the breakdown into price indexes corresponding to big groups of markets throughout the...

Seasonal patterns during the day and during the week in the stock exchange markets are idiosyncratic and thus they should be taken into account wh en modelling these data. In this paper we propose a component model for the analysis of financial durations, that can be extended easily to any othe...

We study the performance of different modelling strategies for 969 and 600 monthly price indexes disaggregated by sectors and geographical areas in Spain, regions, and in the EA12, countries, in order to obtain a detailed picture of inflation and relative sectoral prices through geographical...

The objective of this paper is to model and forecast all the components of a macro orbusiness variable. Our contribution concerns cases with a large number (hundreds) ofcomponents where multivariate approaches are not feasible. We extend in several directions the pairwise approach originally...

A component model for the analysis of financial durations is proposed. The components are the long-run dynamics and the seasonality. The later is left unspecified and the former is assumed to fall within the class of certain family of parametric functions. The joint model is estimated by...