Inflation targeting in Mexico

Carlos Carrasco, Jesus Ferreiro

Research output: Contribution to journalArticle

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. © 2013 M.E. Sharpe, Inc. All rights reserved.
Original languageEnglish
Pages (from-to)341-372
Number of pages32
JournalJournal of Post Keynesian Economics
DOIs
Publication statusPublished - 1 Apr 2013
Externally publishedYes

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Mexico
Inflation targeting
Economic growth
Inflation convergence
Inflation expectations
Inflation rate

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Cite this

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title = "Inflation targeting in Mexico",
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. {\circledC} 2013 M.E. Sharpe, Inc. All rights reserved.",
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Inflation targeting in Mexico. / Carrasco, Carlos; Ferreiro, Jesus.

In: Journal of Post Keynesian Economics, 01.04.2013, p. 341-372.

Research output: Contribution to journalArticle

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AB - 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. © 2013 M.E. Sharpe, Inc. All rights reserved.

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