Figure 5. Generalized IRF of Mexico’s Interest Rate After Shock in Remittances Notes: Confidence intervals are computed via Monte Carlo simulation with 2,000 draws. Ranges indicated a two-standard deviation confidence interval. We use the technique introduced by to estimate the generalized impulse response functions.
Figure 5.

Generalized IRF of Mexico’s Interest Rate After Shock in Remittances

Notes: Confidence intervals are computed via Monte Carlo simulation with 2,000 draws. Ranges indicated a two-standard deviation confidence interval. We use the technique introduced byPesaran and Shin (1998) to estimate the generalized impulse response functions.

Corresponding Author’s Email Address:isabel.ruiz@shsu.edu
Copyright © 2010 Tennessee State University
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