López Marmolejo, Arnoldo; Ventosa-Santaulària, Daniel - 2018
Over the last three decades, Mexico’s macroeconomic policy has been driven by a sound orthodox strategy: an open … between the exchange rate and prices in Mexico and the US (its main commercial partner), there are other forces affecting the … former. The main factor in this relentless long-term depreciation is the loss of productivity in Mexico relative to the US …