English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

Certain theoretical aspects of vector autoregression (VAR) as tools to modeleconomic time series are revised, in particular their capacity to include bothshort term and long term information. The VAR model, in its error correctionform, is derived and the permanent-transitory decomposition of factors proposedby Gonzalo and Granger (1995) studied. An introductory exposition of estimationtheory for reduced rank models, necessary to estimate the error correctionmodel, is given. Cointegration analysis using the VAR model is carried out forgovernment bond interest rates (short, medium and long term) of the UnitedStates, Mexico and Canada, with the objective of finding the long-term commonfactors that drive the system. The error correction model of this system isestimated using Johansen's method. Using this estimation thepermanent-transitory decomposition of the system is calculated. Hypothesistests are carried out on permanent factors to determine which of the nine ratesstudied drive the system.

An\'alisis de cointegraci\'on con una aplicaci\'on al mercado de deuda en Estados Unidos, Canad\'a y M\'exico