Economía: Recent submissions
Now showing items 21-40 of 695
-
Implications of Endogenous Money Growth for Some Tests of Superneutrality and the Fisher Effect
(Pontificia Universidad Católica del PerúPE, 2022-08-01)Superneutrality of money and the Fisher Effect are well-known theoretical propositions. Empirical tests of long-run versions of these hypotheses have sometimes been done by estimating how a variable responds to a permanent ... -
Low Inflation Bends the Phillips Curve around the World
(Pontificia Universidad Católica del PerúPE, 2022-08-01)This paper finds strong support for a Phillips curve that becomes nonlinear when inflation is “low”—which our baseline model defines as less than 3 percent. The nonlinear curve is steep when output is above potential (slack ... -
-
Conditional vs Unconditional Quantile Regression Models: A Guide to Practitioners
(Pontificia Universidad Católica del PerúPE, 2021-12-31)This paper analyzes two econometric tools that are used to evaluate distributional effects, conditional quantile regression (CQR) and unconditional quantile regression (UQR). Our main objective is to shed light on the ... -
Some Long-Run Correlations of Inflation in Developed Countries
(Pontificia Universidad Católica del PerúPE, 2022-08-01)Using 100+ years of data from 18 developed countries, we use a frequency domain technique to compute “long-run” correlations between inflation on the one hand and money growth and nominal interest rates on the other. The ... -
Searching for the Best Inflation Forecasters within an Employment Survey: Microdata Evidence from Chile
(Pontificia Universidad Católica del PerúPE, 2022-08-01)This article aims to evaluate quantitative inflation forecasts for the Chilean economy, taking advantage of a specific survey of consumer perceptions at the individual microdata level, which, at the same time, is linked ... -
Flexible Average Inflation Targeting: How Much Is U.S. Monetary Policy Changing?
(Pontificia Universidad Católica del PerúPE, 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 ... -
A Power Booster Factor for Out-of-Sample Tests of Predictability
(Pontificia Universidad Católica del PerúPE, 2022-08-01)In this paper we introduce a “power booster factor” for out-of-sample tests of predictability. The relevant econometric environment is one in which the econometrician wants to compare the population Mean Squared Prediction ... -
Presentation
(Pontificia Universidad Católica del PerúPE, 2021-12-31)Presentation to the Special Issue -
Spatial Diffusion of Civil Liberty
(Pontificia Universidad Católica del PerúPE, 2021-05-06)This paper studies the existence of spatial diffusion of civil liberty among neighboring countries. For that purpose, we first combine different exploratory space-time data analysis approaches to find that this phenomenon ... -
Human Capital Constraints, Spatial Dependence, and Regionalization in Bolivia: A Spatial Clustering Approach
(Pontificia Universidad Católica del PerúPE, 2021-05-06)Using a novel dataset, this article studies the spatial distribution of human capital constraints across 339 municipalities in Bolivia. In particular, five human capital constraints are evaluated: chronic malnutrition in ... -
-
The Scan-LM to Test Instability in the Constant Coefficient of Spatial Autoregressive Models
(Pontificia Universidad Católica del PerúPE, 2021-05-06)This paper presents a test based on the principle of Lagrange Multipliers to identify spatial instability in the constant coefficient of regression models including substantive spatial dependence. The test has been adapted ... -
A Simple Test of Spatial Autocorrelation for Centered Variables
(Pontificia Universidad Católica del PerúPE, 2021-05-06)We present a simple test of spatial autocorrelation based on the skedastic structure of the spatial series. Its distribution function is known for all sample sizes. Moreover, it is very simple to obtain, specially in a ... -
Where Are the Poor Located? A Spatial Heterogeneity Analysis of Monetary Poverty in Peru
(Pontificia Universidad Católica del PerúPE, 2021-05-06)Measuring poverty is a first step to the design of effective public policies, however, it is also essential to know where the poor are located. The main objective of this research is to evaluate the spatial heterogeneity ... -
Price and Spatial Distribution of Office Rental in Madrid: A Decision Tree Analysis
(Pontificia Universidad Católica del PerúPE, 2021-05-06)In this paper, we assess the drivers of office rental prices in the municipality of Madrid with a sample of 4,721 offices in March, 2020. The estimation was performed using the decision tree approach, which was built with ... -
Empirical Identification of Intra-Urban Subcentralities: A New Methodological Approach with an Application for a Developing Country
(Pontificia Universidad Católica del PerúPE, 2021-05-06)We present a new empirical approach for identifying sub-centers within urban areas and apply it to the São Paulo metropolitan area (SPMA). We use geographically weighted regressions (GWR) to overcome the limitations presented ... -
Trade Creation and Diversion Effects under the Free Trade Agreement between Peru and the United States: A Gravitational Analysis
(Pontificia Universidad Católica del PerúPE, 2021-12-31)This paper is oriented to quantify the trade creation and diversion effects in the Free Trade Agreement (FTA) between Peru and the United States. For that purpose, using a disaggregated database at the 10-digit level for ... -
Estimation of Spatial Lag Model Under Random Missing Data in the Dependent Variable. Two Stage Estimator with Imputation
(Pontificia Universidad Católica del PerúPE, 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. ... -
Import competition in the manufacturing sector in Peru: Its impact on informality and wages
(Pontificia Universidad Católica del PerúPE, 2021-12-16)This paper studies the impact of import competition from China on labor outcomes in the Peruvian manufacturing sector in 2001–2010. Using data from the Peruvian Household Survey, we use a two-step procedure to evaluate the ...
