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La paridad del poder de compra en el largo plazo: el caso de México


  • Pablo Mejía Reyes

    (Investigador, El Colegio Mexiquense, A.C. Zinacantepec, E.M. Mexico.)

  • José Carlos González Núñez

    (Doctorante. Programa de Posgrado en Economía. UNAM. México, D.F. Mexico)


In this paper the absolute version of the purchasing power parity hypothesis is tested as a long-run equilibrium condition in the Mexican case, in particular the existence of convergence between the prices of Mexico and the prices of United States, valuated in the same currency is evaluated. The existence of unit roots in different measures of the real exchange rate and the cointegration of various kinds of internal and external prices valued in the same currency, are tested by using several methodologies. The results show weak evidence in favor of the purchasing power parity which could be a consequence of the action of structural and transitory economic factors.

Suggested Citation

  • Pablo Mejía Reyes & José Carlos González Núñez, 1996. "La paridad del poder de compra en el largo plazo: el caso de México," Economía Mexicana NUEVA ÉPOCA, , vol. 0(1), pages 37-62, January-J.
  • Handle: RePEc:emc:ecomex:v:5:y:1996:i:1:p:37-62

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    References listed on IDEAS

    1. Lawrence H. Summers, 1991. "Panel discussion: price stability ; How should long-term monetary policy be determined?," Proceedings, Federal Reserve Bank of Cleveland, pages 625-631.
    2. William Poole, 1969. "Optimal choice of monetary policy instruments in a simple stochastic macro model," Special Studies Papers 2, Board of Governors of the Federal Reserve System (U.S.).
    3. Bertola, Giuseppe & Caballero, Ricardo J, 1992. "Target Zones and Realignments," American Economic Review, American Economic Association, vol. 82(3), pages 520-536, June.
    4. Ben Bernanke & Frederic Mishkin, 1992. "Central Bank Behavior and the Strategy of Monetary Policy: Observations from Six Industrialized Countries," NBER Chapters,in: NBER Macroeconomics Annual 1992, Volume 7, pages 183-238 National Bureau of Economic Research, Inc.
    5. William Poole, 1970. "Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model," The Quarterly Journal of Economics, Oxford University Press, vol. 84(2), pages 197-216.
    6. Michele Lloyd, 1992. "The New Zealand approach to central bank autonomy," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 55, Septemebe.
    7. Summers, Lawrence, 1991. "How Should Long-Term Monetary Policy Be Determined? Panel Discussion," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(3), pages 625-631, August.
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    Cited by:

    1. Pedro Isaac Chávez López, 2014. "Paridad de poder de compra, cambios estructurales y memoria larga: una aplicación para el caso de México," Graduate theses (Spanish) TESG 001, CIDE, División de Economía.
    2. repec:spr:laecrv:v:26:y:2017:i:1:d:10.1007_s40503-017-0042-9 is not listed on IDEAS

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