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In this paper we investigate whether the communication bias of the Bank of Mexico provides information that helps to …, based upon an statistical analysis of key terms and phrases stated in the monthly communications of Banxico. Then, we … followed by the Bank of Mexico is effective only in the short run. …
Persistent link: https://www.econbiz.de/10010687836
alternative interest rate rules for Mexico, and use the results from both exercises to evaluate the performance of the Bank of … Mexico against a set of optimality principles derived in the New Keynesian literature. We show that the Bank of Mexico holds …
Persistent link: https://www.econbiz.de/10010823235
for Mexico. The empirical findings of the paper are also relevant for ongoing debates in macroeconomics. …
Persistent link: https://www.econbiz.de/10012432230
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Modern central banks have adopted a 'risk management' approach in assessing and presenting risks to macroeconomic stability. This paper seeks to contribute to the improvement of central banks' current strategies for Central and Eastern European countries, first by assessing the potential size of...
Persistent link: https://www.econbiz.de/10009303310
Based on ordered Probit models and twenty years of euro area data, we estimate empirical reaction functions for the ECB's monetary policy and augment them with communication indicators. First, we find that the ECB responded to risks to price stability in line with its primary objective, and that...
Persistent link: https://www.econbiz.de/10012244764
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
The article analyzes Mexico under globalization, particularly on the free mobility of capital. It argues that … various countries are implementing industrial and protectionist policies. If Mexico continues to bet on outward growth through … nearshoring, it will have no chance of overcoming the problems it faces. Mexico cannot continue with an economic policy that does …
Persistent link: https://www.econbiz.de/10014551305