Title
From Debt Crisis to Tequila Crisis: Inflation Stationarity through Mexico's Turbulent Decades
Document Type
Article
Publication Date
2011
Publication Source
Applied Economics Letters
Abstract
The volatility of Mexican inflation throughout the 1980s debt crisis and the 1994 tequila crisis provides an interesting backdrop to test for structural breaks and inflation stationarity in a developing country context. By allowing for multiple breaks, four inflationary regimes are identified during the period 1980 to 2004. Initial unit root tests reject stationarity; however, by incorporating structural break analysis, inflation is found to be I(0). The structural break analysis and the stationarity analysis point to monetary and fiscal determinants of inflation.
Inclusive pages
1609-1612
ISBN/ISSN
1350-4851
Copyright
Copyright © 2011, Taylor & Francis
Publisher
Taylor & Francis
Volume
18
Peer Reviewed
yes
Issue
16
eCommons Citation
Caporale, Tony and Paxton, Julia, "From Debt Crisis to Tequila Crisis: Inflation Stationarity through Mexico's Turbulent Decades" (2011). Economics and Finance Faculty Publications. 62.
https://ecommons.udayton.edu/eco_fac_pub/62
COinS
Comments
Permission documentation is on file.