The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?
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| Format: | Artículo científico |
| Language: | en |
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Centro de Investigación y Docencia Económicas, A.C.
2005
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| _version_ | 1866817064476344320 |
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| author | Julio A. Santaella |
| author_facet | Julio A. Santaella |
| contents | The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization? Julio A. Santaella Abraham E. Vela Economía y Finanzas disinflation stabilization business cycle nominal anchor We examine whether Mexicos disinflation experience during1987-94 fits the widely accepted set of stylized facts of exchange-ratebasedstabilization (ERBS) on inflation, the boom-recession business cycle,and the external sector. A cursory look at Mexican data shows that theexperience fits quite closely the stylized facts of ERBS. However, the papershows that there were some important differences and peculiarities ofthe Mexican case that deserve further study, especially regarding therole of the nominal anchor and the nature of the business cycle. 2005 artículo científico 1665-2045 https://www.redalyc.org/articulo.oa?id=32314101 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Num.1 Vol.XIV |
| format | Artículo científico |
| id | redalyc_32314101 |
| language | en |
| publishDate | 2005 |
| publisher | Centro de Investigación y Docencia Económicas, A.C. |
| spellingShingle | The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization? Julio A. Santaella Economía y Finanzas disinflation stabilization business cycle nominal anchor The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization? Julio A. Santaella Abraham E. Vela Economía y Finanzas disinflation stabilization business cycle nominal anchor We examine whether Mexicos disinflation experience during1987-94 fits the widely accepted set of stylized facts of exchange-ratebasedstabilization (ERBS) on inflation, the boom-recession business cycle,and the external sector. A cursory look at Mexican data shows that theexperience fits quite closely the stylized facts of ERBS. However, the papershows that there were some important differences and peculiarities ofthe Mexican case that deserve further study, especially regarding therole of the nominal anchor and the nature of the business cycle. 2005 artículo científico 1665-2045 https://www.redalyc.org/articulo.oa?id=32314101 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Num.1 Vol.XIV |
| title | The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization? |
| topic | Economía y Finanzas disinflation stabilization business cycle nominal anchor |
| url | https://www.redalyc.org/articulo.oa?id=32314101 |