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A political model of monetary policy with application to the real fed funds rate
(Centro de Investigación y Docencia Económicas, División de Economía, 1997)
Section I below is a review of the literature on empirical models of bureaucratic behavior, concentrating on those few heretics that have examined the Fed as a bureau. Section II explains our choice of monetary policy ...
Política monetaria estadounidense y tipo de cambio real en México, 1996-2012
(Centro de Investigación y Docencia Económicas, División de Economía, 2013)
This paper explores empirically the relationship between the Monetary Policy in the U.S. and the real exchange rate MXN/USD over the period 1996-2012 with monthly data. We consider a cointegration approach using a model ...