External Shocks and Business Cycle Fluctuations in Mexico : How Important are U.S. Factors? /

This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and identifies the dynamic responses of domestic output to foreign disturbances. Using a VAR model with block exogeneity restrictions, it finds that U.S. shocks explain a large share o...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Sosa, Sebastian
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 2008.
Σειρά:IMF Working Papers; Working Paper ; No. 2008/100
Διαθέσιμο Online:Full text available on IMF
LEADER 01737cas a2200241 a 4500
001 AALejournalIMF005034
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451869613 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Sosa, Sebastian. 
245 1 0 |a External Shocks and Business Cycle Fluctuations in Mexico :   |b How Important are U.S. Factors? /  |c Sebastian Sosa. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2008. 
300 |a 1 online resource (31 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and identifies the dynamic responses of domestic output to foreign disturbances. Using a VAR model with block exogeneity restrictions, it finds that U.S. shocks explain a large share of Mexico's macroeconomic fluctuations after NAFTA. This partly reflects greater trade integration-but also Mexico's "Great Moderation," as the country escaped its former pattern of macro-financial crises. In this period, Mexico's output fluctuations have been closely synchronized with the U.S. cycle, with a large and rapid impact of U.S. shocks on Mexican growth. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/100 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2008/100/001.2008.issue-100-en.xml  |z IMF e-Library