Inflation Targeting Regimes. For this purpose, it applies the VAR methodology developed by Kim (2003) to the cases of Mexico and … Brazil. Our results can be summarized in three points. First, FX interventions have had a short-lived effect on the exchange …

This paper studies the historical origins of the federalist institutions in Mexico and Brazil. Using a bargaining game … increase the local power to collect more taxes. While in Brazil coffee was the most important commodity, Mexico relied on … intensive, inputs that were domestically scarce in Mexico. To finance those activities foreign investment was promoted centrally …