<?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>S0188-33802018000300103</article-id>
<article-id pub-id-type="doi">10.24275/etypuam/ne/e042018/rodriguez</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Impacto de los choques del precio del petróleo en el tipo de cambio y la inflación de México]]></article-title>
<article-title xml:lang="en"><![CDATA[The Impact of Oil Price Shocks on Mexico&#8217;s Real Exchange Rate and Inflation]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rodríguez Benavides]]></surname>
<given-names><![CDATA[Domingo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Perrotini Hernández]]></surname>
<given-names><![CDATA[Ignacio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma Metropolitana  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Nacional Autónoma de México  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>00</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>00</month>
<year>2018</year>
</pub-date>
<numero>spe4</numero>
<fpage>103</fpage>
<lpage>123</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0188-33802018000300103&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0188-33802018000300103&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0188-33802018000300103&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Analizamos el impacto dinámico de choques de precios del petróleo en el tipo de cambio real y la inflación de México durante enero 1996-noviembre 2016. Utilizamos un modelo de vectores autorregresivos para modelar procesos posiblemente integrados y un Markov Switching VAR (MS-VAR) con dos estados para examinar el impacto de esos choques en la inflación y el tipo de cambio real con cambio de régimen. Las pruebas de causalidad Granger robustas sugieren que el precio internacional del petróleo en términos reales se determina exógenamente con respecto a las variables domésticas analizadas. Los resultados del MS-VAR revelan que la inflación sólo es afectada por las variaciones del tipo de cambio real y no por las variaciones del precio del petróleo en ambos estados estimados, mientras que las variaciones del precio del petróleo inciden en el tipo de cambio real únicamente en un estado y, por esta vía, posiblemente en la inflación.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract In this paper the dynamic impact of international oil price shocks on Mexico&#8217;s real exchange rate and inflation rate in the period January 1996-November 2016 is dealt with. To that aim, we use a var model to estimate possibly integrated processes and a two-states Markov Switching VAR (MS-VAR) to assess the impact of those shocks on both inflation and the real exchange rate with a regime switching. Our robust Granger causality tests suggest that the real international oil price is exogenously determined vis-à-vis the domestic variables involved in the analysis. Furthermore, from the MS-VAR results we gather that inflation is uniquely affected by real exchange fluctuations -but not so by oil price variations- in the two estimated states, while oil price changes tend to affect the real exchange rate only in one of the estimated states and, through this channel, they possibly alter inflation.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Choques del precio del petróleo]]></kwd>
<kwd lng="es"><![CDATA[impacto asimétrico]]></kwd>
<kwd lng="es"><![CDATA[México]]></kwd>
<kwd lng="es"><![CDATA[C40]]></kwd>
<kwd lng="es"><![CDATA[F62]]></kwd>
<kwd lng="es"><![CDATA[Q43]]></kwd>
<kwd lng="en"><![CDATA[Oil Price Shocks]]></kwd>
<kwd lng="en"><![CDATA[Asymmetric Impact, Markov regime-switch VAR]]></kwd>
<kwd lng="en"><![CDATA[Mexico]]></kwd>
<kwd lng="en"><![CDATA[C40]]></kwd>
<kwd lng="en"><![CDATA[F62]]></kwd>
<kwd lng="en"><![CDATA[Q43]]></kwd>
</kwd-group>
</article-meta>
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<person-group person-group-type="author">
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<article-title xml:lang=""><![CDATA[Response of macro variables of emerging and developed oil importers to oil price movements]]></article-title>
<source><![CDATA[Journal of the Asia Pacific Economy]]></source>
<year>2016</year>
<volume>21</volume>
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