Explaining and Forecasting Inflation in Emerging Markets: The Case of Mexico

Jeannine Bailliu, Daniel Garcés, Mark Kruger & Miguel Messmacher
The authors apply existing inflation models that have worked well in industrialized countries to Mexico, an emerging market that has recently moved to adopt an inflation-targeting framework for monetary policy. They compare the performance of these models with a mark-up model that has been used extensively to analyze inflation in Mexico. The authors focus on three models that have some theoretical foundations and that can therefore help explain the causes of inflation as well as...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.