This paper analyzes whether the exchange rate pass-through into prices changed when the inflation targeting scheme was adopted in Peru. Firstly, a small dynamic stochastic general equilibrium model is simulated, which shows that adopting this scheme induces an increase in exchange rate...

El presente documento analiza el impacto de las expectativas políticas (medida como la probabilidad de que un candidato gane las elecciones) sobre los retornos del índice general de la Bolsa de Valores de Lima (IGBVL) utilizando información para los períodos electorales de 1995 y 2000. La...

Purpose – The paper aims to study the effect of the unemployment rate and its volatility on crime in the USA. It proposes that not only the unemployment rate, but also its volatility affect the crime. Design/methodology/approach – First, the volatility of the unemployment rate is calculated...

We analyze the degree of persistence of the unemployment rates of the 10 Canadian provinces using quarterly data for the period 1976:1-2005:4. We apply a two-break minimum Lagrange Multiplier unit root statistic, which, unlike standard unit root statistics (without or with breaks), makes it...

Using Markov-Switching models, this paper studies the existence of a relationship between the unemployment rate and four different types of crimes in the U.S. economy. After it, using the non-parametric Concordance Index of Harding and Pagan (2002, 2006), the correlation between the cycles of...

Discuten los resultados de una evaluación dinámica de las rentabilidades en los mercados cambiarios y bursátiles.