The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?

dc.creator	Julio A. Santaella
dc.creator	Abraham E. Vela
dc.date	2005
dc.date.accessioned	2022-03-22T16:07:34Z
dc.date.available	2022-03-22T16:07:34Z
dc.identifier	http://www.redalyc.org/articulo.oa?id=32314101
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/82850
dc.description	We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.
dc.format	application/pdf
dc.language	en
dc.publisher	Centro de Investigación y Docencia Económicas, A.C.
dc.relation	http://www.redalyc.org/revista.oa?id=323
dc.rights	Economía Mexicana. Nueva Época
dc.source	Economía Mexicana. Nueva Época (México) Num.1 Vol.XIV
dc.subject	Economía y Finanzas
dc.subject	stabilization
dc.subject	disinflation
dc.subject	business cycle
dc.subject	nominal anchor
dc.title	The 1987 Mexican Disinflation Program: An Exchange-rate- based Stabilization?
dc.type	artículo científico