Agregados monetarios, inflación y actividad económica en México

Daniel G. Garcés Díaz

doi:10.24201/ee.v18i1.188

35-vol. 18, no. 1, january-june, 2003

Articles

Monetary aggregates, inflation and economic activity in Mexico

PDF (Español)

Daniel G. Garcés Díaz

more info

Daniel G. Garcés Díaz
Banco de México

DOI: https://doi.org/10.24201/ee.v18i1.188

Published 2003-01-01

Keywords

inflation,
monetary aggregates,
macroeconomis

How to Cite

Garcés Díaz, D. G. (2003). Monetary aggregates, inflation and economic activity in Mexico. Estudios Económicos De El Colegio De México, 18(1), 37–78. https://doi.org/10.24201/ee.v18i1.188

Metrics

Abstract

This paper analyzes the relationships of monetary aggregates with inflation and economic activity in Mexico from 1980 to 2000. The stability of the long-run and short-run demands for each aggregate is examined and the exogeneity properties of the variables involved are discussed. Among all the definitions of money, currency is the one that helps to forecast inflation and economic activity better although, even in this case, the usefulness of monetary aggregates for this purpose seems to be rather modest.