Analysis of Mexico Anti-Infltionary Policy (2008-2009): An Econometric Study

Olivas Valdez, Erika

Abstract

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Analysis of Mexico Anti-Infltionary Policy (2008-2009): An Econometric Study

Erika Olivas Valdez

Centro de Estudios Superiores del Estado de Sonora (CESUES)

2011

Revista International Administración & Finanzas, Vol. 4, No. 2, pp. 1-20, 2011

Abstract:
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: E31

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Date posted: July 13, 2011 ; Last revised: August 25, 2011

Suggested Citation

Olivas Valdez, Erika, Analysis of Mexico Anti-Infltionary Policy (2008-2009): An Econometric Study (2011). Revista International Administración & Finanzas, Vol. 4, No. 2, pp. 1-20, 2011. Available at SSRN: http://ssrn.com/abstract=1883877

Contact Information

Erika Olivas Valdez (Contact Author)

Centro de Estudios Superiores del Estado de Sonora (CESUES) ( email )

Mexico