expectations, and inflation in Mexico. The model is able to distinguish between causes and remedies of hyperinflation, such as … that fiscal policy can affect inflation expectations in a context of Central Bank independence, as is the case in Mexico …We exploit a hidden Markov model where inflation is determined by government deficits financed through money creation …

inflation’s total variation in Mexico. In this context, we study the performance of seasonal time series models to forecast …Since the adoption of inflation targeting, the seasonal appears to be the component that explains the major part of … short-run inflation. Using multi-horizon evaluation techniques, we examine the real-time forecasting performance of four …

This paper estimates a hidden Markov model where inflation is determined by government deficits financed through money … inflation expectations. The estimated sequence of monetized deficits provides an adequate account of inflation for the period … 196994. The paper then extends the model to analyze the possibility that fiscal policy can affect inflation expectations in a …

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 … so, we estimate the model in Sargent, Williams, and Zha (2009) using Mexican CPI inflation data. This model features dual …

the book include various aspects of labour market conditions and reforms and their link to inflation and inflation … expectations, the impact of the national minimum wage, the interaction between public and private sector wage inflation, economic … productivity, the impact of inflation regimes on expansionary fiscal and monetary policy multipliers, the increase in government …

the book include various aspects of labour market conditions and reforms and their link to inflation and inflation … expectations, the impact of the national minimum wage, the interaction between public and private sector wage inflation, economic … productivity, the impact of inflation regimes on expansionary fiscal and monetary policy multipliers, the increase in government …