Purpose: Following Ang and Piazzesi’s (2003) study, the authors use an affine term structure model to study the relevance of macroeconomic (domestic and foreign) factors for Peru’s sovereign yield curve in the period from November 2005 to December 2015. The paper aims to discuss this issue....

Purpose: The purpose of this paper is to analyze the effects of corruption on economic growth, human development and natural resources in Latin American and Nordic countries. Design/methodology/approach: Using the hierarchical prior of Gelman et al. (2003), a Bayesian panel Vector...

Purpose: By analyzing variables from the fields of business and neuropsychology, this document examines alternative combinations of behavioral economics and neuropsychological characteristics that would explain a successful entrepreneurial profile. Design/methodology/approach: The research is...

En este documento se muestra como las expectativas de inflacion son formadas y si cambios en la polÌtica o cambios estructurales influencian en dicha formacion. Cuatro experimentos son realizados con 75 individuos no experimentados donde se solicita predecir la inflacion domestica futura y...

Perron and Wada (2009) propose a new method of decomposition of the GDP in its trend and cycle components, which overcomes the identi.cation problems of models of unobserved components (UC) and ARIMA models and at the same time, admits non linearities and asym- metries in cycles. The method...

In this paper, we analyze the impact of several labor reforms in Spain on its equilibrium unemployment rate. To this end, we analyzed the behavior of the observed unemployment rate in Spain during the 1976-2012 period, thereby assessing whether that rate is better characterized as a hysteresis...