Inflation and Exchange Rate Regimes in Mexico
作者： Carmen A. Li , Apostolis Philippopoulos , Elias Tzavalis
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摘要: The paper presents a version of the exchange-rate-regime model inflation. Quarterly data from Mexico 1946 to 1995 are used estimate and test simultaneous-equation for wage inflation, price inflation industrial production, taking account Lucas critique statistical properties data. main finding is that, after fall fixed-exchange-rate regime in 1976, there was Barro-Gordon type bias owing inability policymakers commit low There no significant evidence political business cycles
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