This paper evaluates to what extent the end-of-sample problem inherent to the Hodrick-Prescott (HP) filter may be ameliorated when estimating the trend component of GDP. For that purpose, the filter of St-Amant and van Norden (1997) is proposed using Mexican…

This paper uses a cointegration approach to estimate the demand functions for imports and exports in Mexico. The especification of each function is derived from the model of imperfect substitute goods and are estimated using monthly data over the period…

This paper describes a long term risk index for agricultural disasters. The index is built upon the principle that agricultural disasters follow a self organized critical behavior, which implies that under a wide variety of circumstances, agricultural disasters exhibit a…