A Case Study in Exploring Time Series: Inflation and the Growth of the Money Supply in Zaire, 1965-1982

To the economist, time series constitute key data sources for empirical analysis. This is especially true for macroeconomic analysis, which relies virtually exclusively on observations of macroeconomic aggregates as they evolve over time

Modeling Deforestation at Distinct Geographic Scales and Time Periods in Santa Cruz, Bolivia

This article analyzes geo-referenced data to elucidate the relations between deforestation and access to roads and markets, attributes of the physical environment, land tenure, and zoning policies in Santa Cruz, Bolivia. It presents separate models for Santa Cruz as a whole and for seven different zones within Santa Cruz, as well as for two different time periods (pre-1989 and 1989 to 1994). The relation between deforestation and the explanatory variables varies depending on geographic scale and the zone and time period analyzed. At the department scale, locations closer to roads and the city and places that have more fertile soils and wetter climates have a greater probability of being deforested. The same applies to colonization areas. Protected areas and forest concessions are less likely to be deforested. Nevertheless, in many specific zones, these variables had no significant impact or actually had the opposite impact than in the entire department. Most of these relations were weaker between 1989 and 1994 than in the previous period

Bahamas and Barbados: empirical evidence of interest rate pass-through

Includes bibliographyThis paper uses an error correction model to investigate empiricallythe effectiveness of central bank interest rate policy in influencingcommercial banks' lending rate behaviour in Barbados and the Bahamasusing quarterly data for the period January 1995-April 2007. For Barbados,the study finds that the reaction of commercial bank lending rates tochanges in the central bank's policy rate is sticky in the short run, butfully complete in the long run. On average, it takes about four to sixquarters for the full effect of changes in the central bank policy rate tobe transmitted to the economy via adjustments. For the Bahamas, thereaction of commercial bank lending rates to changes in the central bankpolicy rate is fully complete in the short run and the long run, owing to alow adjustment cost coupled with the use of moral suasion

Bahamas y Barbados: evidencia empírica de la transmisión de las tasas de interés

Incluye BibliografíaVersión en inglés disponible en Bibliotec

Heterogeneity, saving-investment dynamics and capital mobility in Latin America

Solvency, Capital mobility, Panel error correction models, Heterogeneity, Cross section dependence, Latin American countries, C23, F21,