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the 1982 crisis, Mexico succeeded in controlling inflation. I discuss forces that reduced inflation over time: a long …The objective of this paper is to analyze the monetary and fiscal history of Mexico using a model of the consolidated … between the federal government and Banco de México, and policy choices made in the aftermath of the 1994 crisis, are …
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In some advanced and emerging economies, contrary to expectations, it has been observed that increases in short-term interest rates are accompanied by increases in bank credit; a phenomenon referred to as "the loan puzzle." This study investigates, through the estimation of a structural vector...
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