Choques de Política Monetaria en México: Aplicación de un Modelo SVAR con restricciones de corto plazo (1995-2012)

Authors

  • Adelaido García Andrés Autor

DOI:

https://doi.org/10.33937/reveco.2014.49

Keywords:

monetary policy, structural autoregressive model, impulse-response functions

Abstract

In recent years, the Bank of Mexico follows a policy of stable prices and inflation. Following the work by Bernanke and Mihov (1998) we construct a SVAR system with monthly data to determine how effective different monetary policy regimens have been achieving this goal. The impact of monetary policy on inflation and other macroeconomic aggregates is measures through changes in the short run interest. The findings show that the funds rate regime provides a good approximation to the process by which the monetary authority offsets the monetary shocks, money demand decreases and maintains the stability of the price level.

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Published

2014-06-01

Issue

Vol. 31 No. 83 (2014): Segundo Semestre 2014 Vol. XXXI Num.83

Section

Original Articles

License

D.R. © Revista de Economía

The conditions that are required when granting the attribution license called CC -BY-NC-SA are the following:

1. The Universidad Autónoma de Yucatán must be clearly identified as the owner of the copyright of the original publication.

2. The material may not be used for commercial purposes.

3. Any derivative work must be published and distributed under the same open access license as the original publication.

How to Cite

Choques de Política Monetaria en México: Aplicación de un Modelo SVAR con restricciones de corto plazo (1995-2012). (2014). Revista De Economía, Facultad De Economía, Universidad Autónoma De Yucatán, 31(83), 51. https://doi.org/10.33937/reveco.2014.49