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Dutch Desease Scare in Kazakhstan : Is it Real?

Égert, Balázs - 2021

In this paper we explore the evidence that would establish that Dutch disease is at work in, or poses a threat to, the Kazakh economy.Assessing the mechanism by which fluctuations in the price of oil can damage non-oil manufacturing-and thus long-term growth prospects in an economy that relies...

Persistent link: https://www.econbiz.de/10013315499

Real Convergence, Price Level Convergence and Inflation Differentials in Europe

Égert, Balázs - 2021

This paper provides a comprehensive review of the factors that can cause price levels to diverge and which are at the root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors influencing market and non-market-based service, house...

Persistent link: https://www.econbiz.de/10013316808

Dutch Disease Scare in Kazakhstan : Is it Real?

Égert, Balázs; Scott Leonard, Carol - 2021

In this paper we explore the evidence that would establish that Dutch disease is at work in, or poses a threat to, the Kazakh economy. Assessing the mechanism by which fluctuations in the price of oil can damage non-oil manufacturing and thus long-term growth prospects in an economy that relies...

Persistent link: https://www.econbiz.de/10013317109

Catching-up and Inflation in Europe : Balassa-Samuelson, Engel's Law and Other Culprits

Égert, Balázs - 2010

This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...

Persistent link: https://www.econbiz.de/10012444720

Ganando grados de libertad : el manejo de la política monetaria en LATAM-5

Basco, Emiliano; Katz, Sebastián; Libonatti, Luis - 2023 - Esta versión: Noviembre 2023

By examining the reaction functions of the Central Banks of Brazil, Chile, Colombia, Mexico, and Peru (LATAM-5) over …

Persistent link: https://www.econbiz.de/10014433825

Do Latin American Central Bankers Behave Non-Linearly?: The Experiences of Brazil, Chile, Colombia and Mexico

Mello, Luiz de; Moccero, Diego; Mogliani, Matteo - Economics Department, Organisation de Coopération et … - 2009

-linear specification is not rejected by the data for Brazil, Colombia and Mexico, but it is for Chile. Estimation of smooth …This papers estimates unrestricted monetary reaction functions for four Latin American countries (Brazil, Chile …, Colombia and Mexico) and tests for the presence of non-linear effects in central bank behaviour. The analysis covers the post …

Persistent link: https://www.econbiz.de/10005045728

Aproximación al fenómeno de histéresis en el mercado laboral para siete áreas metropolitanas en Colombia

Jurado, Zambrano; Carlos, Juan - UNIVERSIDAD DEL VALLE - CIDSE - 2013

y sus efectos sobre el mercado laboral para el consolidado de siete á reas metropolitanas en Colombia. Usando los datos …

Persistent link: https://www.econbiz.de/10010763433

A Spot Price's Model for Electricity in the Colombian Market Using Markov Chains and Mean Reversion - An Approach for Including the ENSO Effects on Prices

Diaz-Hoyos, Gonzalo - 2011

unique composition of electricity markets in countries such as Colombia, Brazil and other emerging countries whose economies …

Persistent link: https://www.econbiz.de/10013130676

Forecasting Short-Run Inflation Volatility using Futures Prices: An Empirical Analysis from a Value at Risk Perspective

Benavides, Guillermo - Banco de México - 2010

In this research paper ARCH-type models are applied in order to estimate the Value-at-Risk (VaR)of an inflation-index futures portfolio for several time-horizons. The empirical analysis is carried out for Mexican inflation-indexed futures traded at the Mexican Derivatives Exchange (MEXDER). To...

Persistent link: https://www.econbiz.de/10008725882

Forecasting short-run inflation volatility using futures prices: An empirical analysis from a value at risk perspective

Benavides, Guillermo - 2010

In this research paper ARCH-type models are applied in order to estimate the Value-at-Risk (VaR) of an inflation-index futures portfolio for several time-horizons. The empirical analysis is carried out for Mexican inflation-indexed futures traded at the Mexican Derivatives Exchange (MEXDER). To...

Persistent link: https://www.econbiz.de/10010322620