LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN...

15
BOLETÍN MENSUAL BIBLIOTECA BANCO DE MÉXICO MAYO 2020 ESPECIAL RECURSOS ELECTRÓNICOS #2 IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso debido a la contingencia del COVID-19, pero seguirá atendiendo los servicios digitales. Si requieres información de alguno de los contenidos mostrados, envíanos un correo a [email protected] AVISO SOBRE CONTINGENCIA POR COVID-19 LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y ESTADÍSTICA DOCUMENTOS DE INVESTIGACIÓN DEL BANCO DE MÉXICO OTROS DOCUMENTOS PUBLICADOS POR BANCOS CENTRALES CONOCE LA BIBLIOTECA http://www.banxico.org.mx/servici os/biblioteca-del-banco-mexico- i.html

Transcript of LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN...

Page 1: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

BOLETÍN MENSUAL

BIBLIOTECA BANCO DE MÉXICO

MAYO 2020

ESPECIAL RECURSOS ELECTRÓNICOS #2

IOTECA DEL BANCO DE MÉXICO

La biblioteca permanecerá cerrada hasta nuevo aviso debido a la

contingencia del COVID-19, pero seguirá atendiendo los servicios

digitales.

Si requieres información de alguno de los contenidos mostrados,

envíanos un correo a [email protected]

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 2: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

AVISO SOBRE CONTINGENICA POR COVID-19

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 3: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

LIBROS ELECTRÓNICOS ECONOMÍA Y FINANZAS

Stochastic discounted cash flow : a theory of the valuation of firms

2020 Lutz Kruschwitz Andreas Löffler

Workers, managers, productivity : kaizen in developing countries

2020 Akio Hosono

John Page Go Shimada

Macroeconomic survey expectations 2019

Michael P. Clements

Inflation targeting and financial stability : monetary policy challenges for the future

2019 Michael Heise

ADMINISTRACIÓN

The entrepreneurial society : a reform strategy for Italy, Germany and the UK

2020 Mark Sanders

Axel Marx Mikael Stenkula

Understanding values work : institutional perspectives in organizations and leadership

2020 Harald Askeland

Gry Espedal Beate Jelstad Løvaas

Stephen Sirris

Techlash : the future of the socially responsible tech organization

2020 Ian I. Mitroff

Rune Storesund

Industry 4.0 for SMEs : challenges, opportunities and requirements

2020 Dominik T. Matt

Vladimír Modrák Helmut Zsifkovits

ESTADÍSTICA

Applied multiple imputation : advantages, pitfalls, new developments and applications in R

2020 Kristian Kleinke

Jost Reinecke Daniel Salfrán Martin Spiess

Statistics for data science and policy analysis

2020 Azizur Rahman

Plane answers to complex questions : the theory of linear models

2020 Ronald Christensen

Bayesian statistics and new generations

2020 Raffaele Argiento Daniele Durante

Sara Wade

Nota: El boletín hace la difusión de lo que tiene la biblioteca. Si es de interés del público usuario consultar algo, pueden escribirnos y valoraremos la petición.

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 4: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

DOCUMENTOS DE INVESTIGACIÓN DEL BANCO DE

MÉXICO Many-to-one Matching: Externalities and Stability

2020-03 Alfredo Salgado

Covered Interest Parity: A Stochastic Volatility Approach to Estimate the Neutral Band

2020-02 Juan Ramón Hernández

Comparación de pronósticos de la estructura temporal de tasas de interés de México para distintas especificaciones del modelo afín

2020-01 Alejandra Lelo-de-Larrea

Ver documentos de investigación anteriores

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 5: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

OTROS DOCUMENTOS PUBLICADOS POR BANCOS

CENTRALES Monetary policy, investment and firm heterogeneity

2020 Annalisa Ferrando, Elena Durante and

Philip Vermeulen

Indebtedness and spending: what happens when the music stops?

2020 Reamonn Lydon and Julia Le Blanc

International capital flows at the security level: evidence from the ECB's

2020 Asset Purchase Programme

Martin Schmitz, Katharina Bergant and Michael Fidora

Attention to the tail(s): global financial conditions and exchange rate risks

2020 Andrej Sokol and Fernando Eguren-

Martin

Real-time weakness of the global economy: a first assessment of the coronavirus crisis

2020 Eyno Rots, Danilo Leiva-Leon and

Gabriel Pérez-Quirós

Central bank swaps then and now: swaps and dollar liquidity in the 1960s

2020 Robert N. McCauley and Catherine R

Schenk

The pass-through from short-horizon to long-horizon inflation expectations

2020 James Yetman

Can an ageing workforce explain low inflation?

2020 Benoît Mojon and Xavier Ragot

Demand for payment services and consumer welfare: the introduction of a central bank digital currency

2020 Qinghui Yu, Jozsef Molnar,

Oleksandr Shcherbakov and Kim Huynh

Over-indebtedness in households: measurement and determinants

2020 Rodrigo Cifuentes and Felipe

Martínez

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 6: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

LIBROS ELECTRÓNICOS ECONOMÍA Y FINANZAS

Stochastic discounted cash flow : a theory of the valuation of firms Lutz Kruschwitz; Andreas Löffler 2020

Descárgalo aquí Resumen: This open access book discusses firm valuation, which is of interest to economists, particularly those working in finance. Firm valuation comes down to the calculation of the discounted cash flow, often only referred to by its abbreviation, DCF. There are, however, different coexistent versions, which seem to compete against each other, such as entity approaches and equity approaches. Acronyms are often used, such as APV (adjusted present value) or WACC (weighted average cost of capital), two concepts classified as entity approaches. This book explains why there are several procedures and whether they lead to the same result. It also examines the economic differences between the methods and indicates the various purposes they serve. Further it describes the limits of the procedures and the situations they are best applied to. The problems this book addresses are relevant to theoreticians and practitioners alike.

Workers, managers, productivity : kaizen in developing countries Akio Hosono; John Page; Go Shimada 2020

Descárgalo aquí Resumen: This open access book provides a glimpse into the Japanese management technique known as “Kaizen,” and the ways it has been disseminated around the developing world. The novelty of this book is three-fold: it provides a contextualized view of the mechanisms of initiatives implementing Kaizen in developing countries; compared with productivity studies, it places the relationship between workers and managers at the center of inquiry, reflecting the intent of SDG8 concerning decent work and economic growth; and it provides an overview of the heterogeneity of Kaizen in terms of geography and firm size. This book explores how improving management techniques can support firms’ productivity and quality. Given its wide range of case studies from across Africa, Asia and Latin America, this book will be of value to scholars, policymakers and advocates of sustainable development alike.

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 7: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

LIBROS ELECTRÓNICOS ECONOMÍA Y FINANZAS

Macroeconomic survey expectations Michael P. Clements 2019

Descárgalo aquí Resumen: Why should we be interested in macroeconomic survey expectations? This important book offers an in-depth treatment of this question from a point of view not covered in existing works on time-series econometrics and forecasting. Clements presents the nature of survey data, addresses some of the difficulties posed by the way in which survey expectations are elicited and considers the evaluation of point predictions and probability distributions. He outlines how, from a behavioural perspective, surveys offer insight into how economic agents form their expectations.

Inflation targeting and financial stability : monetary policy challenges for the future Michael Heise Springer, 2019

Descárgalo aquí

Resumen: Since the financial crisis of 2008/09, the world’s major central banks have been struggling to return their economies to higher growth and to reach their inflation targets. This concise book analyzes the importance of central bank policies for the economy, and specifically investigates the reasons why they have failed to steer inflation as desired. The author, the Chief Economist at Allianz SE, argues that, in an environment of great uncertainty concerning the pass-through of monetary stimulus to the economy, central banks should not focus too narrowly on inflation targets, but should increasingly take the side effects of their actions into account. In particular, he contends that they must seek to minimize the risk of financial booms and busts in order to maximize long-term growth and prosperity. Building on existing research and contributing to the current debate, the book offers a valuable reference guide and food for thought for policymakers, professionals and students alike.

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 8: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

LIBROS ELECTRÓNICOS ADMINISTRACIÓN

The entrepreneurial society : a reform strategy for Italy, Germany and the UK Mark Sanders; Axel Marx; Mikael Stenkula 2020

Descárgalo aquí Resumen: This open access book is an outcome of the EU’s Horizon 2020 project ‘Financial and Institutional Reforms for an Entrepreneurial Society’ (FIRES). Building on historical, economic and legal analysis, and combining methods and data across disciplines, the authors provide policymakers, stakeholders and scholars with valuable new tools for assessing and improving Europe’s entrepreneurial ecosystems. Then experts from Germany, Italy and the United Kingdom discuss tailored strategies for introducing entrepreneurial policy reforms in their respective countries.

Understanding values work : institutional perspectives in organizations and leadership Harald Askeland; Gry Espedal; Beate Jelstad Løvaas; Stephen Sirris 2020

Descárgalo aquí Resumen: At the core of institutional theories, ‘values’ is a central term and figures in most definitions; however it remains understudied and under-explored. The editors of this open access book identify a resurgence of interest in the values-construct which underpins discussions of identity, ‘ethos’ and the purpose/nature of public and civic welfare provision. Considering the importance of values and values work to social, material and symbolic work in organizations, individual chapters explore values work as performed in organizations and by leaders. Focusing on practices of values work, the book applies and combines different theoretical lenses exemplified by the integration of institutional perspectives with micro-level perspectives and approaches.

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 9: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

LIBROS ELECTRÓNICOS ADMINISTRACIÓN

Techlash : the future of the socially responsible tech organization Ian I. Mitroff; Rune Storesund 2020

Descárgalo aquí Resumen: Technology has made human lives incomparably better. Civilization as we know it would utterly collapse without it. However, if not properly managed, technology can and will be systematically abused and misuse and thereby become one of the biggest threats to humankind. This open access book applies proactive crisis management to the management of technology organizations to make them more sustainable and socially responsible for the betterment of humankind. It forecasts the unintended consequences of technology and offers methods to counteract it.

Industry 4.0 for SMEs : challenges, opportunities and requirements Dominik T. Matt; Vladimír Modrák; Helmut Zsifkovits 2020

Descárgalo aquí Resumen: This open access book explores the concept of Industry 4.0, which presents a considerable challenge for the production and service sectors. While digitization initiatives are usually integrated into the central corporate strategy of larger companies, smaller firms often have problems putting Industry 4.0 paradigms into practice. Small and medium-sized enterprises (SMEs) possess neither the human nor financial resources to systematically investigate the potential and risks of introducing Industry 4.0. Addressing this obstacle, the international team of authors focuses on the development of smart manufacturing concepts, logistics solutions and managerial models specifically for SMEs. Aiming to provide methodological frameworks and pilot solutions for SMEs during their digital transformation, this innovative and timely book will be of great use to scholars researching technology management, digitization and small business, as well as practitioners within manufacturing companies.

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 10: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

LIBROS ELECTRÓNICOS ESTADÍSTICA

Applied multiple imputation : advantages, pitfalls, new developments and applications in R Kristian Kleinke; Jost Reinecke; Daniel Salfrán; Martin Spiess Springer, 2020

Descárgalo aquí Resumen: This book explores missing data techniques and provides a detailed and easy-to-read introduction to multiple imputation, covering the theoretical aspects of the topic and offering hands-on help with the implementation. It discusses the pros and cons of various techniques and concepts, including multiple imputation quality diagnostics, an important topic for practitioners. It also presents current research and new, practically relevant developments in the field, and demonstrates the use of recent multiple imputation techniques designed for situations where distributional assumptions of the classical multiple imputation solutions are violated. In addition, the book features numerous practical tutorials for widely used R software packages to generate multiple imputations (norm, pan and mice). The provided R code and data sets allow readers to reproduce all the examples and enhance their understanding of the procedures. This book is intended for social and health scientists and other quantitative researchers who analyze incompletely observed data sets, as well as master’s and PhD students with a sound basic knowledge of statistics.

Statistics for data science and policy analysis Azizur Rahman Springer, 2020

Descárgalo aquí Resumen: This book brings together the best contributions of the Applied Statistics and Policy Analysis Conference 2019. Written by leading international experts in the field of statistics, data science and policy evaluation. This book explores the theme of effective policy methods through the use of big data, accurate estimates and modern computing tools and statistical modelling.

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 11: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

LIBROS ELECTRÓNICOS ESTADÍSTICA

Plane answers to complex questions : the theory of linear models Ronald Christensen Springer, 2020

Descárgalo aquí Resumen: This textbook provides a wide-ranging introduction to the use and theory of linear models for analyzing data. The author's emphasis is on providing a unified treatment of linear models, including analysis of variance models and regression models, based on projections, orthogonality, and other vector space ideas. Every chapter comes with numerous exercises and examples that make it ideal for a graduate-level course. All of the standard topics are covered in depth: estimation including biased and Bayesian estimation, significance testing, ANOVA, multiple comparisons, regression analysis, and experimental design models. In addition, the book covers topics that are not usually treated at this level, but which are important in their own right: best linear and best linear unbiased prediction, split plot models, balanced incomplete block designs, testing for lack of fit, testing for independence, models with singular covariance matrices, diagnostics, collinearity, and variable selection. This new edition includes new sections on alternatives to least squares estimation and the variance-bias tradeoff, expanded discussion of variable selection, new material on characterizing the interaction space in an unbalanced two-way ANOVA, Freedman's critique of the sandwich estimator, and much more.

Bayesian statistics and new generations Raffaele Argiento; Daniele Durante; Sara Wade Springer, 2020

Descárgalo aquí Resumen: This book presents a selection of peer-reviewed contributions to the fourth Bayesian Young Statisticians Meeting, BAYSM 2018, held at the University of Warwick on 2-3 July 2018. The meeting provided a valuable opportunity for young researchers, MSc students, PhD students, and postdocs interested in Bayesian statistics to connect with the broader Bayesian community. The proceedings offer cutting-edge papers on a wide range of topics in Bayesian statistics, identify important challenges and investigate promising methodological approaches, while also assessing current methods and stimulating applications. The book is intended for a broad audience of statisticians, and demonstrates how theoretical, methodological, and computational aspects are often combined in the Bayesian framework to successfully tackle complex problems.

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 12: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

OTROS DOCUMENTOS PUBLICADOS POR BANCOS

CENTRALES

Many-to-one matching: externalities and stability Alfredo Salgado Banco de México, 2020-03

Descargalo en la siguiente liga: DOI: https://doi.org/10.36095/banxico/di.2020.03

Resumen: In this paper, we establish sufficient conditions on the domain of preferences and agents' behavior in order to characterize the existence of stable assignments in many-to-one matching problems with externalities. The set of stable matchings depends on what agents believe other agents will do if they deviate. Such sets of reactions are called estimation functions or simply estimations. We show that, unless some restrictions would be imposed on agents' preferences, there is no constraint on agents' behavior that assures the existence of stable matchings. In addition, we introduce a condition on preferences called bottom q-substitutability that guarantees the existence of at least one stable matching when the set of estimations includes all possible matches. Finally, we analyze a notion of the core and its relation with the set of stable assignments.

Covered interest parity: a stochastic volatility approach to estimate the neutral band Juan Ramón Hernández Banco de México, 2020-02

Descargalo en la siguiente liga: DOI: https://doi.org/10.36095/banxico/di.2020.02

Resumen: The neutral band is the interval where deviations from Covered Interest Parity (CIP) are not considered meaningful arbitrage opportunities. The band is determined by transaction costs and risk associated to arbitrage. Seemingly large deviations from CIP in the foreign exchange markets for the US Dollar crosses with Sterling, Euro and Mexican Peso have been the norm since the Global Financial Crisis. The topic has attracted a lot of attention in the literature. There are no estimates of the neutral band to assess whether deviations from CIP reflect actual arbitrage opportunities, however. This paper proposes an estimate of the neutral band based on the one-step-ahead density forecast obtained from a stochastic volatility model. Comparison across models is made using the log-score statistic and the probability integral transformation. The stochastic volatility models have the best fit and forecasting performance, hence superior neutral band estimates.

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 13: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

LIBROS ELECTRONICOS

ADQUISICIONES BIBLIOGRÁFICAS

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS PUBLICADOS POR BANCOS

CENTRALES

Comparación de pronósticos de la estructura temporal de tasas de interés de México para distintas especificaciones del modelo afín Alejandra Lelo-de-Larrea Banco de México, 2020-01

Descargalo en la siguiente liga: DOI: https://doi.org/10.36095/banxico/di.2020.01

Resumen: Se estiman cuatro especificaciones del modelo afín con condición de aversión al riesgo y no arbitraje para la Estructura Temporal de Tasas de Interés de México, contrastando sus propiedades empíricas y la precisión de sus pronósticos dentro y fuera de muestra. Los modelos tradicionales se extienden agregando variables macroeconómicas con el fin de analizar si estas últimas aportan información suficiente para mejorar el ajuste y los pronósticos de las tasas de interés. Utilizando datos mensuales de los Bonos Cupón Cero, VIX, WTI, tipo de cambio, inflación y crecimiento en el periodo 2002-2017, se encuentra que si bien no existe superioridad de un único modelo para el ajuste y/o pronóstico de la curva de rendimientos, agregar variables macroeconómicas ayuda a mejorar los pronósticos de corto y mediano plazo independientemente del tipo de factores utilizados.

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 14: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

OTROS DOCUMENTOS PUBLICADOS POR BANCOS

CENTRALES

Monetary policy, investment and firm heterogeneity Annalisa Ferrando, Elena Durante and Philip Vermeulen Frankfurt am Main, Germany : European Central Bank, 2020. -- 48 p. : il. -- (Working paper series ; no. 2390).

Descárgalo aquí

Indebtedness and spending: what happens when the music stops? Reamonn Lydon and Julia Le Blanc Frankfurt am Main, Germany : European Central Bank, 2020. -- 43 p. : il. -- (Working paper series ; no. 2389).

Descárgalo aquí

International capital flows at the security level: evidence from the ECB's Asset Purchase Programme Martin Schmitz, Katharina Bergant and Michael Fidora Frankfurt am Main, Germany : European Central Bank, 2020. -- 42 p. : il. -- (Working paper series ; no. 2388).

Descárgalo aquí

Attention to the tail(s): global financial conditions and exchange rate risks Andrej Sokol and Fernando Eguren-Martin Frankfurt am Main, Germany : European Central Bank, 2020. -- 27 p. : il. -- (Working paper series ; no. 2387).

Descárgalo aquí

Real-time weakness of the global economy: a first assessment of the coronavirus crisis Eyno Rots, Danilo Leiva-Leon and Gabriel Pérez-Quirós Frankfurt am Main, Germany : European Central Bank, 2020. -- 58 p. : il. -- (Working paper series ; no. 2381).

Descárgalo aquí

Central bank swaps then and now: swaps and dollar liquidity in the 1960s Robert N. McCauley and Catherine R Schenk Basel, Switzerland : Bank for International Settlements, 2020. -- 44 p. : il. -- (Working papers ; no. 851).

Descárgalo aquí

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html

Page 15: LIBROS ELECTRÓNICOS EN ECONOMÍA, ADMINISTRACIÓN Y … · 2020-04-22 · LIBROS ELECTRÓNICOS EN IOTECA DEL BANCO DE MÉXICO La biblioteca permanecerá cerrada hasta nuevo aviso

OTROS DOCUMENTOS PUBLICADOS POR BANCOS

CENTRALES

The pass-through from short-horizon to long-horizon inflation expectations James Yetman Basel, Switzerland : Bank for International Settlements, 2020. -- 12 p. : il. -- (BIS papers ; no. 111).

Descárgalo aquí

Can an ageing workforce explain low inflation? Benoît Mojon and Xavier Ragot Basel, Switzerland : Bank for International Settlements, 2020. -- 7 p. : il. -- (BIS papers ; no. 111).

Descárgalo aquí

Demand for payment services and consumer welfare: the introduction of a central bank digital currency Qinghui Yu, Jozsef Molnar, Oleksandr Shcherbakov and Kim Huynh Ottawa, Canada : Bank of Canada, 2020. -- 31 p. : il. -- (Staff working paper ; no. 2020-7).

Descárgalo aquí

Over-indebtedness in households: measurement and determinants Rodrigo Cifuentes and Felipe Martínez Santiago de Chile, Chile : Banco Central de Chile, 2020. -- 30 p. il. -- (Documentos de trabajo ; no. 869).

Descárgalo aquí

AVISO SOBRE CONTINGENCIA

POR COVID-19

LIBROS ELECTRÓNICOS EN

ECONOMÍA, ADMINISTRACIÓN Y

ESTADÍSTICA

DOCUMENTOS DE INVESTIGACIÓN

DEL BANCO DE MÉXICO

OTROS DOCUMENTOS

PUBLICADOS POR BANCOS

CENTRALES

CONOCE LA BIBLIOTECA

http://www.banxico.org.mx/servicios/biblioteca-del-banco-mexico-

i.html