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A Short Term Forecasting Model for the Spanish GDP and its Demand Components
(Pontificia Universidad Católica del Perú. Fondo Editorial, 2020-03-10)
This paper proposes a new version of the Spain-STING (Spain, Short-Term INdicator of Growth), a dynamic factor model used by the Banco de España for the short-term forecasting of the Spanish economy. The extended and revised ...
Estimation of Spatial Lag Model Under Random Missing Data in the Dependent Variable. Two Stage Estimator with Imputation
(Pontificia Universidad Católica del Perú, 2021-05-06)
The main goal of this article is to propose estimators for the Spatial Lag Model (SLM) under missing data context. We present three alternatives estimators for the SLM based on Two Stage Least Squares estimation methodology. ...
Estimation of Spatial Lag Model Under Random Missing Data in the Dependent Variable. Two Stage Estimator with Imputation
(Pontificia Universidad Católica del Perú. Fondo Editorial, 2021-05-06)
The main goal of this article is to propose estimators for the Spatial Lag Model (SLM) under missing data context. We present three alternatives estimators for the SLM based on Two Stage Least Squares estimation methodology. ...
Flexible Average Inflation Targeting: How Much Is U.S. Monetary Policy Changing?
(Pontificia Universidad Católica del Perú, 2022-08-01)
One major outcome of the Federal Reserve’s 2019–20 framework review was the adoption of a Flexible Average Inflation Targeting (FAIT) strategy in August 2020. Using synthetic control methods, we document that U.S. inflation ...
School Effect and Student Performance: a Latin American Assessment from PISA
(Pontificia Universidad Católica del Perú. Fondo Editorial, 2020-08-11)
Combining data from the last three editions of the Programme for International Student Assessment (PISA) with a multilevel approach, we aim to assess the effect of Latin American schools on student attainment and identify ...
Evolution over time of the effects of fiscal shocks in the peruvian economy: empirical application using TVP-VAR-SV models
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2023-01)
This study assesses the evolving impact of fiscal policy on Peru’s economic activity in 1993Q4-2018Q2 using unrestricted and restricted TVP-VAR-SV models according to the approach proposed by Chan and Eisenstat (2018a). ...
Evolution of the exchange rate pass-throught into prices in Peru: an empirical application using TVP-VAR-SV models
(Pontificia Universidad Católica del Perú. Departamento de Economía, 2022-05)
We use a set of VAR models with time-varying parameters and stochastic volatility (TVP-VARSV) to estimate the evolution of the exchange rate pass-through (ERPT) into prices for Peru
over 1995Q2-2019Q4. According to two ...
Environmental Policy, Mergers and Environmental R&D with Spillovers
(Pontificia Universidad Católica del Perú. Fondo Editorial, 2020-08-11)
This project lies at the frontier between environmental economics and industrial organization. We use a duopoly setting of a three-stage game; in the first stage, the government chooses an emission tax and aims for maximizing ...