Consumer Price Behavior in Mexico Under Inflation Targeting: A Microdata Approach

Ysusi Carla

No 2010-09, Working Papers from Banco de México

Abstract: In this paper we do a statistical analysis of the Mexican Consumer Price Index microdata set to characterize the rigidities of the price setting process in the different sectors of the Mexican economy. The microdata set goes from July 2002 to December 2009. Broadly, results show that there exists a considerable heterogeneity in the price setting behavior across different sectors and over time. Evidence was found that when big shocks affect inflation, there is a strong co-movement of the fraction of the firms that change prices with the level of inflation.

JEL-codes: C19 E31 (search for similar items in EconPapers)
Date: 2010-06
New Economics Papers: this item is included in nep-cba and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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