Now showing items 1-3 of 3

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      An Alternative View of the US Price-Dividend Ratio Dynamics 

      Londoño Yarce, Juan Miguel; Regúlez Castillo, Marta; Vázquez Pérez, Jesús (2014-12)
      As a necessary condition for the validity of the present value model, the price-dividend ratio must be stationary. However, significant market episodes seem to provide evidence of prices significantly drifting apart from ...
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      On the Informational Role of Term Structure in the U.S. Monetary Policy Rule 

      Vázquez Pérez, Jesús; María-Dolores, Ramón; Londoño Yarce, Juan Miguel (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-01)
      This paper uses a structural approach based on the indirect inference principle to estimate a standard version of the new Keynesian monetary (NKM) model augmented with term structure using both revised and real-time data. ...
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      The Effect of Data Revisions on the Basic New Keynesian Model 

      Vázquez Pérez, Jesús; María-Dolores, Ramón; Londoño Yarce, Juan Miguel (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      This paper proposes an extended version of the basic New Keynesian monetary (NKM) model which contemplates revision processes of output and inflation data in order to assess the importance of data revisions on the estimated ...