Short-run price dynamics in Mexico

A theoretical model of inflationary dynamics was developed for Mexico. Estimation was accomplished using transfer function ARIMA analysis. Monthly data for the January 1982-December 1998 sample period were utilized in the empirical analysis. Overall econometric characteristics of the nonlinear regre...

Full description

Saved in:
Bibliographic Details
Published inThe Journal of business and economic studies (Fairfield, Conn.) Vol. 7; no. 2; p. 1
Main Authors Fullerton, Thomas M, Tinajero, Roberto
Format Journal Article
LanguageEnglish
Published Eastchester Northeast Business & Economics Association 01.10.2001
Subjects
Consumer Price Index
Developing countries
Econometrics
Economic models
Foreign exchange rates
Interest rates
LDCs
Price stabilization
Prices
Quantity theory of money
Regression analysis
Statistics
Studies
Trends
Variables
Mexico
Online AccessGet full text

Cover

More Information
Summary:A theoretical model of inflationary dynamics was developed for Mexico. Estimation was accomplished using transfer function ARIMA analysis. Monthly data for the January 1982-December 1998 sample period were utilized in the empirical analysis. Overall econometric characteristics of the nonlinear regression output complied with standard statistical criteria. Results indicated that prices respond relatively quickly to changes in money supply, interest rate, wage, and peso/dollar exchange rate variables.
ISSN:1063-343X
2576-3458