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Inflation targeting in Mexico

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  • Carlos Carrasco
  • Jesus Ferreiro

Abstract

In this paper we analyze the effect of the implementation of inflation targeting (IT) in Mexico. The analysis focuses on the inflation convergence process between Mexico and the United States, on inflation expectations in Mexico, and on economic growth rates in the Mexican economy. Our results show that neither the fall in Mexican inflation rates nor inflation convergence with the United States can be attributed (only) to the implementation of IT in Mexico. We do not detect any significant effect on economic growth.

Suggested Citation

  • Carlos Carrasco & Jesus Ferreiro, 2013. "Inflation targeting in Mexico," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 35(3), pages 341-372.
  • Handle: RePEc:mes:postke:v:35:y:2013:i:3:p:341-372
    DOI: 10.2753/PKE0160-3477350302
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Alessandro Roncaglia, 2015. "Oil and its markets," PSL Quarterly Review, Economia civile, vol. 68(273), pages 151-175.
    2. Julio Lopez Gallardo, Roberto Valencia Arriaga, 2015. "Macroeconomic effects of high interest rate policy: Mexico’s experience," PSL Quarterly Review, Economia civile, vol. 68(274), pages 214-237.
    3. Carrasco, Carlos A., 2013. "El Nuevo Consenso Macroeconómico y la mediocridad del crecimiento económico en México
      [New Consensus Macroeconomics and the mediocrity of economic growth in Mexico]
      ," MPRA Paper 53391, University Library of Munich, Germany.

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