<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0188-3380</journal-id>
<journal-title><![CDATA[Economía: teoría y práctica]]></journal-title>
<abbrev-journal-title><![CDATA[Econ: teor. práct]]></abbrev-journal-title>
<issn>0188-3380</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, a través de la Unidad Iztapalapa, la Unidad Azcapotzalco y la Unidad Xochimilco, División de Ciencias Sociales]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0188-33802016000100147</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Dinámicas del tipo de cambio nominal y del IPC, 1991-2014: una especificación que combina los modelos ARFIMA y GARCH]]></article-title>
<article-title xml:lang="en"><![CDATA[Dynamics of the nominal exchange rate and the IPC, 1991-2014: a specification that combines models ARFIMA and GARCH]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Salazar-Núñez]]></surname>
<given-names><![CDATA[Héctor F.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Venegas-Martínez]]></surname>
<given-names><![CDATA[Francisco]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Politécnico Nacional Escuela Superior de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2016</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2016</year>
</pub-date>
<numero>44</numero>
<fpage>147</fpage>
<lpage>168</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0188-33802016000100147&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0188-33802016000100147&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0188-33802016000100147&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: En este trabajo se utilizan los modelos ARFIMA y GARCH, así como combinaciones de ellos para detectar algún tipo de memoria en el tipo de cambio nominal USD-MXN y el Índice de Precios y Cotizaciones de la Bolsa Mexicana de Valores durante el periodo 1991-2014. El principal hallazgo empírico es que ambas series presentan evidencia de memoria larga y de ARCH. Sin embargo, los modelos ARFIMA y GARCH no explican por sí mismos el comportamiento de las variables, mientras que su combinación (la media tiene memoria larga y la varianza cambia con el tiempo) presenta un mejor ajuste de acuerdo a las pruebas de Hosking y de Sowell y al criterio de información de Akaike.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: This paper uses the ARFIMA and GARCH models and combinations of them to detect if some type of memory exists in the nominal exchange rate USD-MXN and in the Mexican Stock Exchange Index during the period 1991-2014. The main empirical finding is that both series present evidence of long memory and arch. However, the ARFIMA and GARCH models fail to explain by themselves the movements of these variables, while the combination of the methodologies (the mean has long memory and the variance changes with time) present the best fit according to Hosking y Sowell tests, and the Akaike information criterion.]]></p></abstract>
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<kwd lng="es"><![CDATA[mercados bursátiles]]></kwd>
<kwd lng="es"><![CDATA[mercados cambiarios]]></kwd>
<kwd lng="es"><![CDATA[memoria larga]]></kwd>
<kwd lng="es"><![CDATA[modelos econométricos de series temporales]]></kwd>
<kwd lng="en"><![CDATA[stock markets]]></kwd>
<kwd lng="en"><![CDATA[exchange-rate markets]]></kwd>
<kwd lng="en"><![CDATA[long memory]]></kwd>
<kwd lng="en"><![CDATA[time series econometric models]]></kwd>
</kwd-group>
</article-meta>
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