Inflation targeting in Mexico

Carlos Carrasco, Jesus Ferreiro

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)341-372
Number of pages32
JournalJournal of Post Keynesian Economics
Volume35
Issue number3
DOIs
Publication statusPublished - 1 Apr 2013
Externally publishedYes

Bibliographical note

Funding Information:
carlos A. carrasco is associate researcher and Jesus Ferreiro is associate professor in the Department of Applied Economics V, university of the Basque country uPV/ EHu. This work was supported by the Basque Government (consolidated research Group GIc10/153) and by the Vicerrectorado de Investigación, university of the Basque country uPV/EHu within the program “Personal Investigador en For-mación.” The authors are grateful for useful comments from an anonymous referee. The usual disclaimer applies.

Copyright:
Copyright 2013 Elsevier B.V., All rights reserved.

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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