André, Marine C.; Armijo, Alberto; Espidio, Sebastián … - In: Latin American journal of central banking : LAJCB 4 (2023) 1, pp. 1-19
-structural model for a small open economy, based on Aguilar and Ramírez-Bulos (2018), for Mexico by using quarterly data from 2001Q1 to … deficit has an upper bound. The monetary policy follows a Taylor rule. We study the effects of different shocks on the economy … the economy's steady state, an exogenous monetary policy shock affects the fiscal block mainly through the interest rate …