Cermeño, Rodolfo; Villagómez, F. Alejandro; Polo, … - In: Journal of Applied Economics XV (2012) November, pp. 259-286
We estimate a small-scale macro model for the Mexican economy under the New Keynesian (NK) framework and alternative interest rate rules for Mexico. With these results we evaluate the performance of the Bank of Mexico against a set of optimality principles derived in the NK literature. Our...