Analysis of Mexico Anti-Infltionary Policy (2008-2009): An Econometric Study
Erika Olivas Valdez
Centro de Estudios Superiores del Estado de Sonora (CESUES)
Revista International Administración & Finanzas, Vol. 4, No. 2, pp. 1-20, 2011
This paper analyzes strategies used by the Bank of Mexico during the world financial crisis originated in the United States in 2008. The goal was to counteract inflationary effects through the application of an unorthodox monetary policy. This research compares these strategies with the results of previous research, which studies inflation in Mexico over a period of fifty years (1948-2004). An econometric model of vector autoregression (VAR) is used. Six explanatory variables and two exogenous variables are used in the analysis to capture the structural breaks in 1973 and 1982, by increasing oil prices and the debt crisis.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 20
Keywords: Inflation, Monetary Policy, Econometric
JEL Classification: E31Accepted Paper Series
Date posted: July 13, 2011 ; Last revised: August 25, 2011
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