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Anclaje de las expectativas de inflación ante choques de oferta adversos

Author

Listed:
  • Ana María Aguilar Argaez

    (Banco de México)

  • Gabriel Cuadra

    (Banco de México)

  • Claudia Ramírez Bulos

    (Banco de México)

  • Daniel Sámano Peñaloza

    (Banco de México)

Abstract

Para crear un entorno de inflación baja y estable en México ha sido necesario generar un marco para la conducción de la política monetaria enfocado en preservar un ambiente de estabilidad de precios, junto con disciplina fiscal. En este contexto, este trabajo describe algunos logros estructurales que se han alcanzado en materia de control de la inflación en México. En adición, muestra evidencia empírica a favor de que el anclaje de las expectativas de inflación, en particular de las de mediano y largo plazo, se ha fortalecido recientemente. Se presenta un análisis en el cual se consideraron tres episodios en los que la inflación en México estuvo sujeta a diversos choques de oferta y se encuentra que, de los episodios analizados, comprendidos en el periodo 2004-2012, fue en el episodio observado en 2012 cuando las expectativas de inflación mostraron una mayor estabilidad, lo que sugiere un fortalecimiento de la credibilidad del compromiso de Banco de México con la estabilidad de precios.

Suggested Citation

  • Ana María Aguilar Argaez & Gabriel Cuadra & Claudia Ramírez Bulos & Daniel Sámano Peñaloza, 2014. "Anclaje de las expectativas de inflación ante choques de oferta adversos," Monetaria, Centro de Estudios Monetarios Latinoamericanos, vol. 0(1), pages 55-89, enero-jun.
  • Handle: RePEc:cml:moneta:v:xxxvi:y:2014:i:1:p:55-89
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    References listed on IDEAS

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    Cited by:

    1. Aguilar-Argaez Ana María & Elizondo Rocío & Roldán-Peña Jessica, 2016. "Break-Even-Inflation's Decomposition in Mexico," Working Papers 2016-22, Banco de México.

    More about this item

    Keywords

    expectativas de inflación; anclaje de expectativas de inflación; choques de oferta; política monetaria; México;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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