From debt crisis to tequila crisis: inflation stationarity through Mexico's turbulent decades
Autor: | Julia Paxton, Tony Caporale |
---|---|
Rok vydání: | 2011 |
Předmět: | |
Zdroj: | Applied Economics Letters. 18:1609-1612 |
ISSN: | 1466-4291 1350-4851 |
Popis: | The volatility of Mexican inflation throughout the 1980s' debt crisis and the 1994 tequila crisis provides an interesting backdrop to test for structural breaks and inflation stationarity in a developing country context. By allowing for multiple breaks, four inflationary regimes are identified during the period 1980 to 2004. Initial unit root tests reject stationarity; however, by incorporating structural break analysis, inflation is found to be I(0). The structural break analysis and the stationarity analysis point to monetary and fiscal determinants of inflation. |
Databáze: | OpenAIRE |
Externí odkaz: | |
Nepřihlášeným uživatelům se plný text nezobrazuje | K zobrazení výsledku je třeba se přihlásit. |