Search
Now showing items 1-5 of 5
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 ...
Presidential elections and real GDP growth in U.S.A.: 1961-1969
(Centro de Investigación y Docencia Económicas, División de Economía, 1997)
Political influences on macroeconomic policies and outcomes are again widely studied phenomena. The two major theories of such influence are, (1) competing parties with differing policy preferences and (2) the political ...
How dead is the augmented Solow model?
(Centro de Investigación y Docencia Económicas, División de Economía, 1997)
In this paper, I argue that there is no general empirical support for the neo-classical growth model. In particular, I show that Mankiw, Romer and Weil's (1992) iniluential evidence does not survive simple tests for sample ...
Inflación e incertidumbre inflacionaria en México: 1960-1997
(Centro de Investigación y Docencia Económicas, División de Economía, 1997)
Empezamos en la Sección II con un resumen de la literatura empírica sobre la inflación y Ja incertidumbre y, en la Sección III, nos enfocamos en el uso del modelo GARCH como una medida de incertidumbre. Posteriormente, ...
Real exchange rate uncertainty and economic performance in Mexico, 1971-1996
(Centro de Investigación y Docencia Económicas, División de Economía, 1997)
In this paper we consider two empirical questions. First, is there a real Exchange rate (RER) uncertainty effect on economic growth independent of its potential effects on trade? Second, is there a relationship betwecn the ...