In this study, cointegration analysis and vector error correction (VCE)model were applied to analyze the influence of the international milkmarket on the domestic milk prices paid to producers and milk receptionby plants. The VCE model allows the identification of the long termrelations among...

This study applied cointegration analysis and the vector errorcorrection model (VCE) to analyze the magnitude and duration of theimpact of the import price of dairy products on the domestic milk pricepaid to producers in Chile. The variables included in the analysis weredomestic price, CIF...

RESUMEN: El objetivo de este trabajo es el estudio de la integración del mercado español del aceitede oliva y la contrastación de la Ley de Precio Único (LPU) en dicho mercado. El análisis se lleva acabo aplicando la técnica multivariante de cointegración a series mensuales (1987-2001) de...

RESUMENEl objetivo de este documento es determinar si la regla fiscal puede llegar a tener un impacto sobre la tasa de cambio, que logre mitigar, en parte, los efectos de la enfermedad holandesa. Para ello, se realiza un experimento contrafactual simulando la implementación en Colombia, en los...

La mayor parte de la evidencia empírica sobre el efecto de Fisher o la hipótesisde Fisher sostiene que la relación entre la tasa de inflación y la tasa de interés nominaldebe ser igual a uno. Este artículo analiza la relación entre la tasa de interés nominaly la tasa de inflación para...

RESUMEN: El objetivo de este trabajo es el estudio de la integración del mercado español del aceite de oliva y la contrastación de la Ley de Precio Único (LPU) en dicho mercado. El análisis se lleva a cabo aplicando la técnica multivariante de cointegración a series mensuales (1987-2001)...

This paper shows that an economic policy change in 1982 brought about a conspicuous alteration in the relationship between money, prices and the exchange rate in Mexico. Before that year, the long-run demand for currency was the velocity equation, and inflation was driven mainly by the money...

This document studies the long-run functions and the adjustment dynamics for Mexican foreign trade with both aggregated and disaggregated data. Exports depend on the US index of industrial production and the real exchange rate. The level of imports is a function of the Mexican index of...

This paper provides an empirical test of the Fisher effect and of the real interest parity. The objetive is to determinate the behavior of the ex-ante real interest that condicionate the intertemporal savings and investment decisions. The method used is the time series properties of the data,...

The aim of this paper is to determine whether there have been differences in the effectiveness of the transmission mechanism of monetary policy in Germany, France, Italy, Spain and the United Kingdom since Economic and Monetary Union (EMU) establishment. The analysis is based on the fulfilment...