Adelaido García–Andrés y Leonardo Torre Cepeda - Departamento de Ciencias Sociales, Universidad … - 2013
The purpose of the paper is to analyze the impact of short-term monetary shocks on output and the price level in Mexico. We follow the Structural Vector Autoregressive (SVAR) methodology of Bernanke and Mihov (1998) to identify specific monetary policy shocks consistent with the operating...