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We explore the dynamics of inflation, inflation expectations, and seigniorage-financed fiscal deficits in Mexico. To do … our results match to key economic events. Mexico has successfully stabilized inflation expectations for the past decades …
Persistent link: https://www.econbiz.de/10012165948
En este trabajo se evalua la sustentabilidad de la politica fiscal en Mexico de acuerdo con el comportamiento de la …
Persistent link: https://www.econbiz.de/10001458152
context of Central Bank independence, as is the case of Mexico after 1994. Evidence is found that the exchange rate and …
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This paper examines the question whether joining EMU or the breach of the Stability and Growth Pact in 2003 had an impact on the deficit policy of member states. The empirical analysis gives no hint for an alteration of deficit policy after having joined EMU or after having breached the Pact in...
Persistent link: https://www.econbiz.de/10011488439
The extent of government deficits and debt has been one of the most debated issues in recent years. However, very little has been contributed about their dynamics . Yet, the issue of entering into and exiting from excessive deficits will be critical in the European monetary union since the...
Persistent link: https://www.econbiz.de/10009781711