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allows us to evaluate the anchoring of inflation expectations in the Mexican economy. To address this issue, in this paper we …
Persistent link: https://www.econbiz.de/10011523612
We explore the dynamics of inflation, inflation expectations, and seigniorage-financed fiscal deficits in Mexico. To do … so, we estimate the model in Sargent, Williams, and Zha (2009) using Mexican CPI inflation data. This model features dual … expected inflation equilibriums and regime switching in the mean and variance of the fiscal deficit probability density …
Persistent link: https://www.econbiz.de/10012165948
have decreased substantially from 2001 onwards, which coincides with the adoption of an inflation targeting regime by Banco … de Mexico. -- Exchange rate pass-through ; import price ; consumer price ; distribution chain ; inflation. …
Persistent link: https://www.econbiz.de/10009380263
We study the differences in currency misalignment estimates obtained from alternative datasets derived from two International Comparison Program (ICP) surveys. A decomposition exercise reveals that the year 2005 misalignment estimates are substantially affected by the ICP price revision....
Persistent link: https://www.econbiz.de/10013119692
Persistent link: https://www.econbiz.de/10013121272
Using firm-level data for 18 major global economies, we find that the exchange rate affects corporate investment through a financial channel: exchange rate depreciation dampens corporate investment through firm leverage and FX debt. These findings are consistent with the predictions of a...
Persistent link: https://www.econbiz.de/10013250472
This paper assesses the financial channel of exchange rate fluctuations for emerging countries and the link to the conventional trade channel. We analyze whether the effective exchange rate affects GDP growth, the domestic credit and the global liquidity measure as the credit in foreign...
Persistent link: https://www.econbiz.de/10013214255
We apply BEER and PEER approaches to calculate real equilibrium exchange rates for five EU accession countries in central and east Europe. Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic transformation of the results. Panel cointegration techniques...
Persistent link: https://www.econbiz.de/10014224092
production and inflation of manufactured goods in Mexico within the context of the pandemic. Under the identification of a … production and inflation of manufactured goods in the Northern and North-Central regions. …
Persistent link: https://www.econbiz.de/10014390510
​This empirical study considers the pass-through of key nominal exchange rates and commodity prices to consumer prices in the Commonwealth of Independent States (CIS), taking into account the effect of idiosyncratic and common factors influencing prices. In order to do that, given the...
Persistent link: https://www.econbiz.de/10012902683