Autoregressive econometric analysis of the real exchange rate flexible in Mexico 1999-2012
Abstract
The theorical explanation about the behavior of the real Mexican exchange rate in the long term by internal and external factors, from prices levels to monetary levels in USA allows to propose a monetary and autoregressive model, considering the shocks analysis of each factor and its effects in the long-term. The results obtained explain the main reasons about the devaluations on the Mexican currency in the last twelve years
Keywords
exchange rate, purchasing power parity, monetary model, Granger causality
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