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El ahorro privado y la tasa de interés en México: 1963-1991

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  • Villagómez Amezcua, Alejandro

    (Centro de Investigación y Docencia Económicas)

Abstract

The objective of this paper is to contribute to the discussion on the sensitivity of both savings and interest rate. The relation between these two variables is estimated empirically in the case of Mexico. An Euler Equation model is applied. Consumers facing liquidness restrictions are incorporated to the model, and estimations are made with both annual data and quarterly data.

Suggested Citation

  • Villagómez Amezcua, Alejandro, 1994. "El ahorro privado y la tasa de interés en México: 1963-1991," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 9(1), pages 43-60.
    • Handle: RePEc:emx:esteco:v:9:y:1994:i:1:p:43-60
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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/283/286
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    References listed on IDEAS

    as
    1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
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    3. Jappelli, Tullio & Pagano, Marco, 1989. "Consumption and Capital Market Imperfections: An International Comparison," American Economic Review, American Economic Association, vol. 79(5), pages 1088-1105, December.
    4. John Y. Campbell & N. Gregory Mankiw, 1989. "Consumption, Income, and Interest Rates: Reinterpreting the Time Series Evidence," NBER Chapters, in: NBER Macroeconomics Annual 1989, Volume 4, pages 185-246, National Bureau of Economic Research, Inc.
    5. Giovannini, Alberto, 1985. "Saving and the real interest rate in LDCs," Journal of Development Economics, Elsevier, vol. 18(2-3), pages 197-217, August.
    6. repec:fth:harver:1435 is not listed on IDEAS
    7. Arrau, Patricio, 1990. "Intertemporal substitution in a monetary framework : evidence from Chile and Mexico," Policy Research Working Paper Series 549, The World Bank.
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