Agregados monetarios, inflación y actividad económica en México
This paper analyzes the relationships of monetary aggregates with inflation and economic activity in Mexico from 1980 to 2000. The stability of the long-run and short-run demands for each aggregate is examined and the exogeneity properties of the variables involved are discussed. Among all the definitions of money, currency is the one that helps to forecast inflation and economic activity better although, even in this case, the usefulness of monetary aggregates for this purpose seems to be rather modest
Volume (Year): 18 (2003)
Issue (Month): 1 ()
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- John Thornton, 1996. "Cointegration, error correction, and the demand for money in Mexico," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 132(4), pages 690-699, December.
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International Finance Discussion Papers
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- Steven B. Kamin & Neil R. Ericsson, 1993. "Dollarization in Argentina," International Finance Discussion Papers 460, Board of Governors of the Federal Reserve System (U.S.).
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- Juan Luis Vega, 1998. "Money demand stability: Evidence from Spain," Empirical Economics, Springer, vol. 23(3), pages 387-400.
- Hallman, Jeffrey J & Porter, Richard D & Small, David H, 1991. "Is the Price Level Tied to the M2 Monetary Aggregate in the Long Run?," American Economic Review, American Economic Association, vol. 81(4), pages 841-858, September.
- Quintos, Carmela E & Phillips, Peter C B, 1993. "Parameter Constancy in Cointegrating Regressions," Empirical Economics, Springer, vol. 18(4), pages 675-706.
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