Showing 1 - 10 of 16
This paper provides a description of some of the empirical regularities for the Mexican business cycle. The purpose is to have a benchmark for assessing dynamic stochastic general equilibrium models for the Mexican case. We follow the Kydland and Prescott methodology to describe the cyclical...
Persistent link: https://www.econbiz.de/10010322570
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During the last years, Mexico has registered relatively large output falls. The business cycle accounting method of Chari, Kehoe and McGrattan (2007) is applied to the two most recent recessions in Mexico (including the 'Tequila crisis') in order to understand what are the most important wedges...
Persistent link: https://www.econbiz.de/10010322576
A partir de las crisis financieras de los últimos años y el creciente desarrollo del sistema financiero, ha surgido la necesidad de entender la relación entre el sector financiero y el sector real de la economía desde una visión integral. Muchos autores han abordado esta relación desde el...
Persistent link: https://www.econbiz.de/10013205363
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This paper presents an analysis of the expected inflation distribution based on the surveys made to economic analysts …, dispersion, and skewness, of expected inflation. It is anticipated that the behavior of these aspects will be consistent with the … process of inflation convergence to its target, in the sense that the expected inflation level and dispersion, and the …
Persistent link: https://www.econbiz.de/10010322568
This document analyzes inflation, exchange rate, interest rate, and GDP growth forecasts from the monthly Survey of … relative performance using as benchmarks forecasts from time series models and from other macroeconomic variables. Inflation … be better, in mean squared error terms, than the benchmark forecasts, except for the case of one-yearahead inflation. In …
Persistent link: https://www.econbiz.de/10010322588
This paper estimates the magnitude of the exchange rate pass-through to consumer prices in Mexico. Moreover, it analyzes if the pass-through dynamics have changed in recent years. In particular, it uses a methodology that generates results consistent with the hierarchy implicit in the CPI. The...
Persistent link: https://www.econbiz.de/10010322595
Inflation forecasting plays a central role in monetary policy formulation. At the same time, recent international … empirical evidence suggests that with the decline in inflation of recent years, the joint dynamics of this variable and its … potential predictors has changed and inflation has become more unpredictable. Using a univariate model as a benchmark, we …
Persistent link: https://www.econbiz.de/10010325105
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