From debt crisis to tequila crisis: inflation stationarity through Mexico's turbulent decades

Autor:	Julia Paxton, Tony Caporale
Rok vydání:	2011
Předmět:	Economics and Econometrics Keynesian economics Structural break Economics Developing country Unit root Volatility (finance) Debt crisis
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:	https://explore.openaire.eu/search/publication?articleId=doi_________::dd5797d380303e6f1490b3b78191e07c https://doi.org/10.1080/13504851.2011.554365 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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