ANALYSIS OF MEXICO ANTI-INFLATIONARY POLICY (2008-2009): AN ECONOMETRIC STUDY, ANALISIS DE LA POLITICA ANTI-INFLACIONARIA EN MEXICO (2008-2009) DE ACUERDO A UN ESTUDIO ECONOMETRICO

Erika Olivas Valdez

Revista Internacional Administracion & Finanzas, 2011, vol. 4, issue 2, 1-20

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.

Keywords: Inflation; Monetary Policy; Econometric (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:riafin:v:4:y:2011:i:2:p:1-20

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