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Economic policy uncertainty in Latin America: measurement using Spanish newspapers and economic spillovers. (2020). Pérez, Javier ; Ghirelli, Corinna ; Urtasun, Alberto ; Perez, Javier J.
In: Working Papers.
RePEc:bde:wpaper:2024.

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  1. A BVAR toolkit to assess macrofinancial risks in Brazil and Mexico. (2023). Campos, Rodolfo ; Molina, Luis ; Berganza, Juan Carlos ; Andresescayola, Erik.
    In: Latin American Journal of Central Banking (previously Monetaria).
    RePEc:eee:lajcba:v:4:y:2023:i:1:s2666143822000333.

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  2. A BVAR toolkit to assess macrofinancial risks in Brazil and Mexico. (2021). Molina, Luis ; Campos, Rodolfo ; Berganza, Juan Carlos ; Andres-Escayola, Erik.
    In: Occasional Papers.
    RePEc:bde:opaper:2114.

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  3. Report on the Latin American economy. First half of 2021. Outlook, vulnerabilities and policy space. (2021). International Economics, ; Euro Area Department, .
    In: Economic Bulletin.
    RePEc:bde:journl:y:2021:i:06:d:aa:n:14.

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  4. Report on the Latin American economy. Second half of 2020. (2020). de Espaa, Banco.
    In: Economic Bulletin.
    RePEc:bde:journl:y:2020:i:12:d:aa:n:31.

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References

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  1. • Acciona: 6% of 2018 revenues refer to Central and South America.
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  2. • Acerinox: 48% of 2019 revenues refer to the Americas.
    Paper not yet in RePEc: Add citation now
  3. • ACS: 5% of total sales in 2019 refer to South America. • Siemens Gamesa: has 4 locations in South America: 2 in Brazil, 1 in Chile and 1 in Mexico.
    Paper not yet in RePEc: Add citation now
  4. • Brazil and Argentina, January 2006: the indexes rise to around 150. Neither of these spikes correspond to specific events. January 2006 is the beginning of the government of Evo Morales in Bolivia and of Michelle Bachelet in Chile. The articles in the Spanish press warn more generally about the possibility of a period of higher policy uncertainty in the LA region due to the upcoming general elections in some LA countries and the possible rise of populist governments. The Brazilian elections took place in October 2006, when Luis Ignacio Lula da Silva was reelected president. In Argentina, the general elections took place in October 2007, and Cristina Fernandez de Kirchner won the elections.
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  5. • Cie automotive: 9.5% of total sales in 2019 refer to Brazil.
    Paper not yet in RePEc: Add citation now
  6. • Iberdrola: 19% of EBITDA on December 2018 refer to Brazil.
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  7. • In 2019, 45% of BBVAs income was attributed to Mexico.
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  8. • Inditex: el 15% of total sales in 2018 refer to Americas. • Melia Hotels is a world wide hotel company and 4% of rooms are in Brazil.
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  9. • Indra Sistemas: 20% of total revenues in 2019 refer to Americas.
    Paper not yet in RePEc: Add citation now
  10. • Naturgy builds infrastructure in the LA region: 19% of its 2019 profits refer to southern LA infrastructure (Argentina, Brazil, Chile, and Peru), and 6% to northern LA infrastructure (Mexico and Panama).
    Paper not yet in RePEc: Add citation now
  11. • Viscofan:in 14.5% of total sales and rendered services in 2018 refer to South America.
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  27. Finally, we estimate the impulse responses of the so-computed Latin American “EPU shock” on the Spanish economy by means of local projections, following the procedure in Jordá (2005). That is, we estimate sequential regressions in which the dependent variable (in turn, the Spanish EPU and the Spanish GDP) is shifted several steps ahead (up to 8 Figure H.2: Local projections: impulse responses of Spanish GDP to Latin American EPU shocks (a) Argentina (b) Brazil (c) Mexico Notes: Confidence intervals at the 5% level reported. American country (among Argentina, Brazil, and Mexico), the EPU for Spain, the Spanish 10-year sovereign debt spread over the German Bund, the real Spanish GDP, the inflation rate, and the bilateral exchange rate.
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  28. Ghirelli, C., J. J. Pérez, and A. Urtasun (2019). A new economic policy uncertainty index for Spain. Economics Letters 182, 64 – 67.

  29. Gil-León, J. and D. Silva-Pinzón (2019). Índice de incertidumbre de polı́tica económica (EPU) para Colombia, 2000–2017. Ensayos de Economı́a 29(55), 37–56.
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  33. Kelly, B., L. Pástor, and P. Veronesi (2016). The Price of Political Uncertainty: Theory and Evidence from the Option Market. The Journal of Finance 71(5), 2417–2480.

  34. Mariano, R. S. and Y. Murasawa (2003). A new coincident index of business cycles based on monthly and quarterly series. Journal of Applied Econometrics 18(4), 427–443.

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  36. Trung, N. B. (2019). The spillover effect of the US uncertainty on emerging economies: a panel VAR approach. Applied Economics Letters 26(3), 210–216.
    Paper not yet in RePEc: Add citation now

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