The 1987 Mexican Disinflation Program : An Exchange-Rate-Based Stabilization? /

We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted set of stylized facts of exchange rate-based stabilization (ERBS), and relate it to theories put forward to account for the boom-recession business cycle associated with ERBS. A cursory look at Mexican dat...

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Detalles Bibliográficos
Autor Principal: Santaella, Julio
Outros autores: Vela, Abraham
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1996.
Series:IMF Working Papers; Working Paper ; No. 1996/024
Acceso en liña:Full text available on IMF
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245 1 4 |a The 1987 Mexican Disinflation Program :   |b An Exchange-Rate-Based Stabilization? /  |c Julio Santaella, Abraham Vela. 
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300 |a 1 online resource (52 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted set of stylized facts of exchange rate-based stabilization (ERBS), and relate it to theories put forward to account for the boom-recession business cycle associated with ERBS. A cursory look at Mexican data shows that the experience fits quite closely the theoretical predictions and the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle. 
538 |a Mode of access: Internet 
700 1 |a Vela, Abraham. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1996/024 
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