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Análisis Econométrico Autoregresivo del Tipo de Cambio Real Flexible en México 1999-2012

Author

Listed:
  • Trejo-García, José C.

    (Escuela superior de Economía, IPN)

  • Martínez-García, Miguel Ángel

    (Escuela superior de Economía, IPN)

  • Hernández-Saldaña, Efrain Abraham

    (Escuela superior de Economía, IPN)

Abstract

La explicación teórica del comportamiento del tipo de cambio real mexicano en el largo plazo por factores internos y externos, desde niveles de precios hasta los niveles monetarios en Estados Unidos, permite proponer un modelo autorregresivo monetario considerando el análisis de los shocks de cada factor y su efecto en el tiempo. Los resultados obtenidos explican las razones principales de las devaluaciones sobre el tipo de cambio real en los últimos doce años. / The theorical explanation about the behavior of the real Mexican exchange rate in the long term by internal and external factors, from prices levels to monetary levels in USA allows to propose a monetary and autoregressive model, considering the shocks analysis of each factor and its effects in the long term. The results obtained explain the main reasons about the devaluations on the Mexican currency in the last twelve years.

Suggested Citation

  • Trejo-García, José C. & Martínez-García, Miguel Ángel & Hernández-Saldaña, Efrain Abraham, 2016. "Análisis Econométrico Autoregresivo del Tipo de Cambio Real Flexible en México 1999-2012," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 0(22), pages 129-160, primer se.
    • Handle: RePEc:ipn:panora:v:xi:y:2016:i:22:p:129-160
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    References listed on IDEAS

    as
    1. William Ellery Channing, 1994. "Change," American Journal of Economics and Sociology, Wiley Blackwell, vol. 53(1), pages 15-15, January.
    2. John Williamson, 1994. "Estimating Equilibrium Exchange Rates," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 17, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    tipo de cambio; paridad del poder adquisitivo; modelo monetario; causalidad de Granger. / exchange rate; purchasing power parity; monetary model; Granger causality.;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F39 - International Economics - - International Finance - - - Other

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