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

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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 result...

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Autor principal: Zarzosa Valdivia, Fernando
Formato: conferenceObject
Lenguaje:Inglés
Publicado: 2022
Materias:
Real exchange rate
Hodrick and Prescott filter
Misalignment
Persistence
Unit root
Autoregressive process of order p
Acceso en línea:http://hdl.handle.net/11086/22211
Aporte de:
Repositorio Digital Universitario (UNC) de Universidad Nacional de Córdoba
id I10-R14111086-22211
record_format dspace
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-141
collection Repositorio Digital Universitario (UNC)
language Inglés
topic 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
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
topic_facet Real exchange rate
Hodrick and Prescott filter
Misalignment
Persistence
Unit root
Autoregressive process of order p
description 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.
format conferenceObject
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 2022
url http://hdl.handle.net/11086/22211
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bdutipo_str Repositorios
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