Cermeño, Rodolfo; Negrete García, Mario - Centro de Investigación y Docencia Económicas (CIDE) - 2013
This paper explores empirically the relationship between the Monetary Policy in the U.S. and the real exchange rate MXN/USD over the period 1996-2012 with monthly data. We consider a cointegration approach using a model of real exchange rate fundamentals as in Goldfajn and Valdes (1999), where...