Inflation targeting in Mexico
Carlos Carrasco and
Jesus Ferreiro ()
Journal of Post Keynesian Economics, 2013, vol. 35, issue 3, 341-372
Abstract:
In this paper we analyze the effect of the implementation of inflation targeting (IT) in Mexico. The analysis focuses on the inflation convergence process between Mexico and the United States, on inflation expectations in Mexico, and on economic growth rates in the Mexican economy. Our results show that neither the fall in Mexican inflation rates nor inflation convergence with the United States can be attributed (only) to the implementation of IT in Mexico. We do not detect any significant effect on economic growth.
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:mes:postke:v:35:y:2013:i:3:p:341-372
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DOI: 10.2753/PKE0160-3477350302
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