Permanent and Transitory Components in Latin American Real Exchange Rates: A Gibbs-Sampling Approach

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Title: Permanent and Transitory Components in Latin American Real Exchange Rates: A Gibbs-Sampling Approach
Authors: Marquez, Indira Romero
Date: 2002
Abstract: In this paper, it is estimated an unobserved component model (UCM) for four Latin American real exchange rates. The Kalman filter is used to indentify a permanent and a transitory component. The estimation of the model is made using a Gibbs-sampling appro
URL: http://hdl.handle.net/10393/25125
CollectionScience économique - Mémoires // Economics - Research Papers
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