On the monetary-macro dynamics of Colombia and Mexico
This paper investigates the dynamic interrelationship among money growth, inflation, and output growth for Colombia and Mexico on the basis of implementation of a vector autoregression methodology. The evidence for Colombia generally shows autonomous output growth and money growth behavior, and an i...
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| Veröffentlicht in: | Journal of development economics |
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
1984
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Tag hinzufügen | Zusammenfassung: | This paper investigates the dynamic interrelationship among money growth, inflation, and output growth for Colombia and Mexico on the basis of implementation of a vector autoregression methodology. The evidence for Colombia generally shows autonomous output growth and money growth behavior, and an important role for money shocks in accounting for variations in inflation. A different pattern of results emerged for Mexico: there are strong two-way feedbacks among money growth and inflation, and a less autonomous output growth behavior |
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| ISSN: | 0304-3878 |