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Extreme Value Theory and Auction Models 极值理论与拍卖模型
Abril - Junio 2021 Pub Date : 2021-01-22 DOI: 10.21919/REMEF.V16I2.596
P. Morganti
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引用次数: 0
Exchange Rate Pass-Through to Prices in Mexico: A Study of the Main Border and Non-Border Cities 墨西哥汇率对物价的传导:对主要边境和非边境城市的研究
Abril - Junio 2021 Pub Date : 2021-01-12 DOI: 10.21919/REMEF.V16I2.468
Eduardo Saucedo, Jorge González
{"title":"Exchange Rate Pass-Through to Prices in Mexico: A Study of the Main Border and Non-Border Cities","authors":"Eduardo Saucedo, Jorge González","doi":"10.21919/REMEF.V16I2.468","DOIUrl":"https://doi.org/10.21919/REMEF.V16I2.468","url":null,"abstract":"This study analyzes the exchange rate pass-through effect on the Consumer Price Index (CPI) in Mexico's main border and 27 non-border metropolitan cities. The period examined includes monthly data from January 2002 to December 2019. A vector autoregressive model (VAR) is used, which includes formal employment at the city level as a proxy to economic development, interest rates, nominal exchange rates, each analyzed city’s CPI, U.S. consumer prices, energy commodity prices and control variables such as service sector employment share and large firm employment share. Impulse response functions are constructed. Results for the 2002-2016 period indicate that exchange rate changes primarily affect border cities. Different arguments are included to justify such results. Pass-through values are also found to increase in general for all cities when the period 2017-2019 (January 2017 when important gasoline price shocks started previous its price liberalization in December 2017) is included in the regressions.","PeriodicalId":402333,"journal":{"name":"Abril - Junio 2021","volume":"47 20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117245665","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Modelos de la estructura de plazos de las tasas de interés: Revisión, tendencias y perspectivas 利率期限结构模型:回顾、趋势和展望
Abril - Junio 2021 Pub Date : 2020-12-28 DOI: 10.21919/REMEF.V16I2.587
Oldrich Alfons Vasicek, F. Venegas-Martínez
{"title":"Modelos de la estructura de plazos de las tasas de interés: Revisión, tendencias y perspectivas","authors":"Oldrich Alfons Vasicek, F. Venegas-Martínez","doi":"10.21919/REMEF.V16I2.587","DOIUrl":"https://doi.org/10.21919/REMEF.V16I2.587","url":null,"abstract":"El trabajo proporciona una descripción general de los modelos de estructuras de plazos de las tasas de interés. Se trata de un planteamiento técnico de la teoría del comportamiento libre de arbitraje de tasas de interés de distintos vencimientos. Los modelos de tasa corta están ganando relevancia en la actualidad por su capacidad para describir y explicar la existencia de tasas de interés negativas como se ha observado en Europa y Asia. Las condiciones económicas actuales, en un entorno de incertidumbre generado por una recesión económica global, afectan el comportamiento de las tasas de interés, lo cual invita a realizar una revisión más cuidadosa de los factores que influyen en la dinámica de las mismas. Este artículo tiene como objetivo revisar las tendencias y perspectivas de los modelos de estructuras de plazos y destaca algunas áreas para futuras investigaciones.","PeriodicalId":402333,"journal":{"name":"Abril - Junio 2021","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116824341","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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