Instituto Tecnológico Autónomo de México

What do inflation forecasts reveal after two decades of inflation targeting in Mexico?

Using forecasts extracted from public official documents, we draw the following lessons. First, Banco de México has consistently underpredicted headline inflation since 2007. Second, this pattern extends to forecasts of core inflation, a measure that excludes volatile prices and...

Multimodal symmetric circular distributions based on nonnegative trigonometric sums and a likelihood ratio test for reflective symmetry

Fernández-Durán [Circular distributions based on nonnegative trigonometric sums. Biometrics 2004;60:499–503.] developed a family of circular distributions based on nonnegative trigonometric sums (NNTS) which is flexible for modeling datasets exhibiting multimodality and asymmetry...

Wong–Zakai approximations with convergence rate for stochastic differential equations with regime switching

We construct Wong--Zakai approximations of time--inhomogeneous stochastic differential equations with regime switching (RSSDEs), and provide a convergence rate. %Given a family of finite-variation processes $\{\mathcal{F}^λ\}_{λ\ge 0}$ that converge strongly to a standard Brownia...

Robust Integral Consensus Control of Multi‐Agent Networks Perturbed by Matched and Unmatched Disturbances: The Case of Directed Graphs

ABSTRACT This work presents a new method to design consensus controllers for perturbed double integrator systems whose interconnection is described by a directed graph containing a rooted spanning tree. We propose new robust controllers to solve the consensus and synchronization...