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The demand for money and inflation in Mexico 1980-1999: implications for stability and real seigniorage revenues

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  • Paul Turner
  • Guillermo Benavides

Abstract

This paper presents estimates of the demand for money function and the Phillips curve using quarterly data for the Mexican economy over the period 1980--1999. These estimates are used to test restrictions on the dynamic process of the errors and cross-equation parameter restrictions suggested by economic theory. The parameter estimates obtained are used to investigate the stability of the inflation process and the extent to which real seigniorage revenues have been exploited within the Mexican economy.

Suggested Citation

  • Paul Turner & Guillermo Benavides, 2001. "The demand for money and inflation in Mexico 1980-1999: implications for stability and real seigniorage revenues," Applied Economics Letters, Taylor & Francis Journals, vol. 8(12), pages 775-778.
    • Handle: RePEc:taf:apeclt:v:8:y:2001:i:12:p:775-778
    DOI: 10.1080/13504850110044211
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    Cited by:

    1. Cutsinger, Bryan P. & Ingber, Joshua S., 2019. "Seigniorage in the Civil War South," Explorations in Economic History, Elsevier, vol. 72(C), pages 74-92.

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