Inflation targeting and economic performance: The case of Mexico

Carlos A. Carrasco, Jesús Ferreiro

Resultado de la investigación

11 Citas (Scopus)

Resumen

In the paper we analyze the impact of Inflation Targeting (IT) in Mexico. The objective is to evaluate the impact of the implementation of inflation targeting and full-fledged inflation targeting (FFIT) on the level and the variability of the inflation and the output in the Mexican economy. We conclude that inflation rates had been reduced in Mexico before the introduction of IT and FFIT. In our opinion, the structural reforms, including the Banxico reforms, are the main determinants of the decrease in inflation and its variability. The main impact of IT would have been the lock-in of inflation expectations around a low rate of inflation.
Idioma originalEnglish
Páginas (desde-hasta)675-692
Número de páginas18
PublicaciónPanoeconomicus
DOI
EstadoPublished - 1 dic 2011
Publicado de forma externa

    Huella digital

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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