Abigail, Rodríguez Nava; Martínez, Francisco Venegas - In: Contaduría y Administración 55 (2011) 3, pp. 11-40
This paper is aimed at studying the effects of the exchange-rate variations on the budget deficit. To do this, the available deterministic models of budget deficit are extended by assuming that the movements of the exchange rate are driven by stochastic processes, and that the extreme and sudden...
