The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?

We examine whether Mexico’s disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite c...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autores principales: Abraham E. Vela, Julio A. Santaella
Formato: Artículo científico
Publicado: Centro de Investigación y Docencia Económicas, A.C. 2005
Materias:
Economía y Finanzas
stabilization
disinflation
business cycle
nominal anchor
Acceso en línea:http://www.redalyc.org/articulo.oa?id=32314101
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32314101oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-32314101oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
stabilization
disinflation
business cycle
nominal anchor
spellingShingle Economía y Finanzas
stabilization
disinflation
business cycle
nominal anchor
Abraham E. Vela
Julio A. Santaella
The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?
topic_facet Economía y Finanzas
stabilization
disinflation
business cycle
nominal anchor
description We examine whether Mexico’s disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.
format Artículo científico
Artículo científico
author Abraham E. Vela
Julio A. Santaella
author_facet Abraham E. Vela
Julio A. Santaella
author_sort Abraham E. Vela
title The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?
title_short The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?
title_full The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?
title_fullStr The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?
title_full_unstemmed The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?
title_sort 1987 mexican disinflation program: an exchange-rate- based stabilization?
publisher Centro de Investigación y Docencia Económicas, A.C.
publishDate 2005
url http://www.redalyc.org/articulo.oa?id=32314101
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32314101oai
work_keys_str_mv AT abrahamevela the1987mexicandisinflationprogramanexchangeratebasedstabilization
AT julioasantaella the1987mexicandisinflationprogramanexchangeratebasedstabilization
AT abrahamevela 1987mexicandisinflationprogramanexchangeratebasedstabilization
AT julioasantaella 1987mexicandisinflationprogramanexchangeratebasedstabilization
bdutipo_str Repositorios
_version_ 1764820421997232132

Ejemplares similares