The vulnerability and financial pressure of financial systems is a critical subject in light of the economic crisis we are currently facing. This paper defines financial pressure of local governments as the extreme situation characterized by financial imbalances, increasing current expenditure,...

While the Generalized Error Distribution (GED) has been used quite extensively in time series applications and has demonstrated a sound flexibility in the estimation process, there is so far no attempt to use this function in the construction of Copulas. Copulas are probability functions that...

This appendix shows the use of basic statistical inference tools. The chapter is divided in three main sections: hypothesis testing, confidence intervals and regression analysis. The aim is to offer the basic requirements needed for the reader of “Aplicaciones en Economía y Ciencias Sociales...

This chapter studies the effect of short- and long-run shocks on the Mexican GDP. The authors fit a structural VAR model using the Blanchard and Quah decomposition for a bivariate model to analyze the impact of supply and demand shocks on GDP and prices. The svar command allows the estimation of...

Aplicaciones en Economía y Ciencias Sociales con Stata is the first publication in Spanish produced by Stata Press. The content is the result of a selection of individual contributions by a diverse group of authors with different areas of knowledge, who illustrate the use of a variety of tools...

Aplicaciones en Economía Ciencias Sociales con Stata is the first publication in Spanish produced by Stata Press. The content is the result of a selection of individual contributions by a diverse group of authors with different areas of knowledge who illustrate the use of a variety of tools...

The salient characteristics of emerging market economies coupled with the increasing adoption of inflation targeting in these countries has stimulated much debate about the role of the exchange rate in inflation targeting regimes. The authors aim at shedding more light on this issue by...