Inflation targeting and policy rules : the case of Mexico, 2001-2012 / Oscar Rodríguez Medina and Elías Alvarado Lagunas.
Material type:
TextPublisher: Oakville, Ontario, Canada ; Waretown, New Jersey, USA : Apple Academic Press, [2016]Copyright date: ©2016Description: xiv, 196 pages : illustrations ; 24 cmContent type: text | still image Media type: unmediated Carrier type: volumeISBN: 9781771882682; 1771882689Subject(s): Inflation targeting -- Mexico | Anti-inflationary policies -- Mexico | Messico -- Politica monetaria -- Impiego delle aspettative razionali sull'inflazione -- 2001-2012 | Ciblage d'inflation -- Mexique | Inflation -- Politique gouvernementale -- Mexique | Anti-inflationary policies | Inflation targeting | MexicoAdditional physical formats: Inflation targeting and policy rules.DDC classification: 339.50972/090511 LOC classification: HG665 | .R63 2016Other classification: coll13 Summary: "Inflation Targeting and Policy Rules is an essential book for understanding how Mexico's monetary policy has been evolving and functioning, from the beginning of the century to recent, highlighting the doctrine of policy rules and the implementation of inflation targeting framework, both fundamental elements necessary to comprehend the operation of the main central banks of the world. The book is valuable because of its theoretical and empirical treatment applied to the policy rules and to inflation targeting, which range from their origin, criticism, development, controversies, evolution, and evaluation of the subject. It is accessible reading for anyone interested in approaching the subject of the monetary policy of a developing country. It is, without a doubt, a relevant addition to the bank of knowledge on the monetary reality of any country that has recently adopted inflation targeting approach and which uses interest rate as instrument of policy, as well as the flexible currency exchange regimen. It will become an essential source for future investigations in Mexico and other countries in similar situations. The book explains the analytical framework that consists of developing conditional probability as essential for rational expectations hypothesis; presents a synthetic but detailed exposure of the approach of inflation targeting, especially based on the consensus among monetary authorities in the pursuit of low and stable inflation, detailing some of the most relevant experiences as well as their main objections; reviews the process origin-evolution of monetary policy rules; assesses the actions of the Banco de México in terms of the implementation of the inflation targeting approach; summarizes the highlights of Mexico's monetary policy and offers conclusions. The book is suitable for macroeconomics courses and courses dealing with developing economies as well as for financial professionals seeking recent and trends."-- Provided by publisher.
| Item type | Current library | Call number | Copy number | Status | Notes | Date due | Barcode |
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Female Library | HG665 .R63 2016 (Browse shelf (Opens below)) | 1 | Available | STACKS | 51952000339427 | |
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Books
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Main Library | HG665 .R63 2016 (Browse shelf (Opens below)) | 1 | Available | STACKS | 51952000339410 |
Includes bibliographical references (pages 183-187) and index.
"Inflation Targeting and Policy Rules is an essential book for understanding how Mexico's monetary policy has been evolving and functioning, from the beginning of the century to recent, highlighting the doctrine of policy rules and the implementation of inflation targeting framework, both fundamental elements necessary to comprehend the operation of the main central banks of the world. The book is valuable because of its theoretical and empirical treatment applied to the policy rules and to inflation targeting, which range from their origin, criticism, development, controversies, evolution, and evaluation of the subject. It is accessible reading for anyone interested in approaching the subject of the monetary policy of a developing country. It is, without a doubt, a relevant addition to the bank of knowledge on the monetary reality of any country that has recently adopted inflation targeting approach and which uses interest rate as instrument of policy, as well as the flexible currency exchange regimen. It will become an essential source for future investigations in Mexico and other countries in similar situations. The book explains the analytical framework that consists of developing conditional probability as essential for rational expectations hypothesis; presents a synthetic but detailed exposure of the approach of inflation targeting, especially based on the consensus among monetary authorities in the pursuit of low and stable inflation, detailing some of the most relevant experiences as well as their main objections; reviews the process origin-evolution of monetary policy rules; assesses the actions of the Banco de México in terms of the implementation of the inflation targeting approach; summarizes the highlights of Mexico's monetary policy and offers conclusions. The book is suitable for macroeconomics courses and courses dealing with developing economies as well as for financial professionals seeking recent and trends."-- Provided by publisher.
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