What Is the Mexican Central Bank Aiming At?
AbstractAlthough the use of the plutocratic index is, perhaps, an historical convention, it constitutes a misleading target. Our aim is to construct alternative CPI’s for Mexico using the median of the expenditure distribution. Additionally, considering that 42.6% of Mexican people live in poverty (54.7% in rural and 35.6% in urban areas, figures for 2006), our alternative CPI’s distinguish between areas. In the final part of this paper, the use of a single goal by the Mexican monetary authority is criticized.
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Bibliographic InfoPaper provided by Tecnológico de Monterrey, Campus Ciudad de México in its series EGAP Working Papers with number 2008-05.
Date of creation: Aug 2008
Date of revision:
CPI; Mexico; plutocratic index; inflation;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-11-04 (All new papers)
- NEP-CBA-2008-11-04 (Central Banking)
- NEP-MAC-2008-11-04 (Macroeconomics)
- NEP-MON-2008-11-04 (Monetary Economics)
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