We search for evidence against the hypothesis of a non-linear relationship between inflation and growth rates for 1993-2012 Peruvian data. A family of dichotomous models provide the way to model the relationship between the those two variables' cycles. Given the acceleration/de-acceleration...

El modelo gaussiano GARCH(1,1) ha sido empleado, tradicionalmente, en el estudio de la tasa de cambio; sin embargo, un número importante de estudios recientes (utilizando modelos FIGARCH e HYGARCH) ha encontrado evidencia de persistencia en su volatilidad. En este trabajo, usando una estrategia...

Un problema recurrente es que los modelos estructurales de determinación del tipo de cambio no logran predecirlo con mayor precisión que un camino aleatorio. El objetivo de la presente investigación es verificar si es posible obtener proyecciones relativamente precisas generadas por un grupo...

Con el propósito de brindar una herramienta que permita una major gestión de riesgos y una adecuada regulación, en este trabajo se aplica una metodología para la medición de riesgo de tasa de interés. Luego de la estimación y simulación de la estructura temporal de tasas de interés se...

In order to provide a tool for risk management improvement and appropriate regulation, a methodology for measuring interest rate risk is applied in this paper. After estimating and simulating the interest rate term structure, the value at risk and expected shortfall are calculated on a...

Este artículo examina las consecuencias sobre los ingresos laborales de tener un nombre atípico para el caso colombiano. La primera parte del artículo muestra que los jóvenes, hijos de padres no educados, habitantes de zonas rurales y pertenecientes a minorías étnicas tienen una mayor...

A large body of economic literature has established that the primary purpose of business is profit maximization assuming unitary and constant elasticity of substitution of production factors. However, the prevailing operating conditions of micro and small enterprises raise concerns about the...

A large body of economic literature has established that the primary purpose of business is profit maximization assuming unitary and constant elasticity of substitution of production factors. However, the prevailing operating conditions of micro and small enterprises raise concerns about the...

The boost of the accommodation type called vacation rentals (tourist apartments and dwellings) experienced worldwide in recent years thanks to the rise of the Internet and P2P networks arouses interest in the analysis of these new stay formulas. The aim of this research is the elaboration of an...

This paper develops a continuous-time random model of loss index triggers for cat bonds on the basis of the loss amount incurred until their maturity. Assuming that total loss amount due to a catastrophe is defined as the sum of the incurred loss amount plus the incurred-but-not-yet reported...