Borradores de Economia
Número:
521
Publicado:
Clasificación JEL:
C32, E31, E32, E41, E52
Palabras clave:
Política monetaria, Modelos markov-switching, Modelos VAR, muestreo de Gibbs
Lo más reciente
María José Roa-García, Gloria Amparo Alonso Masmela, Nidia García Bohórquez, Diego A. Rodríguez-Pinilla
José Vicente Romero-Chamorro, Hernando Vargas-Herrera
Juan Camilo Medellín-Martínez, Sergio Restrepo Ángel
A threefold analysis of commodity prices is carried out to observe their long-run behaviour, their short-run properties and the main determinants. According to the evidence, the Prebisch-Singer hypothesis does not seem to be a property of most prices. The