Time-frequency analysis of economic policy uncertainty and its relationship with exchange rates: application to Latin American countries, 2010-2022; [Analyse de la fréquence temporelle de l’incertitude des politiques économiques et de sa relation avec les taux de change: application aux pays d’Amérique latine, 2010-2022]; [Análisis tiempo-frecuencia de la incertidumbre de la política económica y su relación con los tipos de cambio: aplicación para países latinoamericanos, 2010-2022]
Cargando...
Compartir
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
This paper offers a fresh perspective on the relationship between the Economic Policy Uncertainty (EPU) index and exchange rates in Latin American countries (Brazil, Chile, Colombia, and Mexico). Employing Wavelet Power Spectrum and Coherence Analyses on monthly data (January 2010 to May 2022). The findings reveal a consistent positive correlation between the EPU index and exchange rates across short, medium, and long-term. These results underscore the intricate link between economic uncertainty and exchange rates, emphasizing the need for careful economic policy management and consideration of political events to foster stability and economic growth in these nations. © 2024 Universidad de Antioquia. All rights reserved.
Palabras clave
Financial Econometrics, Financial Risk, Foreign Exchange, Latin America, Time-frequency analysis, Uncertainty, Financial Econometrics, Financial Risk, Foreign Exchange, Latin America, Time-frequency analysis, Uncertainty