Characterizing real exchange rate misalignments in Latin America: the case of Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Peru, Uruguay and Venezuela
Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
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2016-11
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| Subjects: | Real exchange rate, Hodrick and Prescott filter, Misalignment, Persistence, Unit root, Autoregressive process of order p, |
| Online Access: | http://hdl.handle.net/11086/22211 |
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dig-unc-ar-11086-222112024-07-08T16:47:03Z Characterizing real exchange rate misalignments in Latin America: the case of Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Peru, Uruguay and Venezuela Zarzosa Valdivia, Fernando Real exchange rate Hodrick and Prescott filter Misalignment Persistence Unit root Autoregressive process of order p Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. This research finds that the persistence of the real exchange rate misalignment varies between Latin-American countries and for different real exchange rate measures (the purchasing power parity concept, the wholesale/consumer price indices and the relative tradable to non-tradable price).Our results show that in most of the cases, the autoregressive coefficients of order oneand two are positive and negative, respectively, which reflects a pattern showing an up and down movement in the adjustment process. We also find heterogeneity on the necessary months in which the misalignment (or the 50% of it) disappears after a shock has hit the economy. Este trabajo analiza la persistencia de los desvíos de distintos conceptos de tipo de cambio real (paridad del poder de compra, cociente índice de precios al productor /consumidor e índice de precios transables /no transables) en Latinoamerica. Encontramos evidencia que el ajuste al equilibrio después de que un shock ha afectado la economía no es monótono (el coeficiente autoregresivo de primer y segundo orden son positivos y negativos, respectivamente) y que el período total en que el ajuste (o el 50% del mismo) se lleva a cabo difiere entre conceptos de tipo de cambio real y países. http://www.aaep.org.ar/anales/works/works2016/zarzosa_valdivia.pdf Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Economía, Econometría 2022-02-06T23:17:14Z 2022-02-06T23:17:14Z 2016-11 conferenceObject 978-987-28590-4-6 http://hdl.handle.net/11086/22211 eng Licencia Creative Commons Atribución-NoComercial-CompartirIgual 4.0 Internacional http://creativecommons.org/licenses/by-nc-sa/4.0/ Electrónico y/o Digital |
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Argentina |
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biblioteca |
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America del Sur |
| libraryname |
Biblioteca 'Ing. Agrónomo Moisés Farber' de la Facultad de Ciencias Agropecuarias |
| language |
eng |
| topic |
Real exchange rate Hodrick and Prescott filter Misalignment Persistence Unit root Autoregressive process of order p Real exchange rate Hodrick and Prescott filter Misalignment Persistence Unit root Autoregressive process of order p |
| spellingShingle |
Real exchange rate Hodrick and Prescott filter Misalignment Persistence Unit root Autoregressive process of order p Real exchange rate Hodrick and Prescott filter Misalignment Persistence Unit root Autoregressive process of order p Zarzosa Valdivia, Fernando Characterizing real exchange rate misalignments in Latin America: the case of Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Peru, Uruguay and Venezuela |
| description |
Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. |
| format |
conferenceObject |
| topic_facet |
Real exchange rate Hodrick and Prescott filter Misalignment Persistence Unit root Autoregressive process of order p |
| author |
Zarzosa Valdivia, Fernando |
| author_facet |
Zarzosa Valdivia, Fernando |
| author_sort |
Zarzosa Valdivia, Fernando |
| title |
Characterizing real exchange rate misalignments in Latin America: the case of Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Peru, Uruguay and Venezuela |
| title_short |
Characterizing real exchange rate misalignments in Latin America: the case of Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Peru, Uruguay and Venezuela |
| title_full |
Characterizing real exchange rate misalignments in Latin America: the case of Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Peru, Uruguay and Venezuela |
| title_fullStr |
Characterizing real exchange rate misalignments in Latin America: the case of Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Peru, Uruguay and Venezuela |
| title_full_unstemmed |
Characterizing real exchange rate misalignments in Latin America: the case of Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Peru, Uruguay and Venezuela |
| title_sort |
characterizing real exchange rate misalignments in latin america: the case of argentina, brazil, chile, colombia, costa rica, ecuador, el salvador, mexico, peru, uruguay and venezuela |
| publishDate |
2016-11 |
| url |
http://hdl.handle.net/11086/22211 |
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AT zarzosavaldiviafernando characterizingrealexchangeratemisalignmentsinlatinamericathecaseofargentinabrazilchilecolombiacostaricaecuadorelsalvadormexicoperuuruguayandvenezuela |
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1806029596407103488 |