Fuentes de la inflación en México, 1989-2000: un análisis multicausal de corrección de errores
This article analyzes the determinants of inflation in Mexico during the 1989–2000 period. Inflation is modeled as a function of deviations in the long-run relations that may exist in the monetary, labor and exchange rate markets. By using cointegration techniques, we obtain an error-correction mode...
| Main Authors: | , |
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| Format: | Online |
| Language: | Spanish |
| Editor: |
El Colegio de México, A.C.
2003
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| Subjects: | |
| Online Access: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/184 |
| Journal: |
Estudios Económicos |
| Summary: | This article analyzes the determinants of inflation in Mexico during the 1989–2000 period. Inflation is modeled as a function of deviations in the long-run relations that may exist in the monetary, labor and exchange rate markets. By using cointegration techniques, we obtain an error-correction model where money excess, wage pressure and deviations of the Purchasing Power Parity are possible sources of inflation. The model includes an inertial factor and a policy component due to government-controlled price changes in certain goods. The results show that all the factors mentioned have contributed to the determination of the inflationary dynamics in Mexico. |
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