Accounting and Financial methods are useful techniques for business, but their objective study should be inserted in the wider scope of Social Science. Historical issues determine policies and these ones, themselves, configure taxes and other environmental variables. Taxes, interest rates and...

During the last decade, a new consensus has emerged among economists with respect to the way in which monetary policy should be conducted. According to this view, monetary policy should be focused in order to achieve a given inflation target. However, the

Today that Banco de México has adopted an inflation targeting scheme, it has become more relevant to know the effect that moderate inflation has on economic growth in order to design monetary policy. The purpose of this paper is to estimate that effect following a non-lineal approach similar to...