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What Is the Mexican Central Bank Aiming At?

Author

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  • Guerrero, Carlos

    (Tecnológico de Monterrey, Campus Ciudad de México)

Abstract

Although the use of the plutocratic index is, perhaps, an historical convention, it constitutes a misleading target. Our aim is to construct alternative CPI’s for Mexico using the median of the expenditure distribution. Additionally, considering that 42.6% of Mexican people live in poverty (54.7% in rural and 35.6% in urban areas, figures for 2006), our alternative CPI’s distinguish between areas. In the final part of this paper, the use of a single goal by the Mexican monetary authority is criticized.

Suggested Citation

  • Guerrero, Carlos, 2008. "What Is the Mexican Central Bank Aiming At?," EGAP Working Papers 2008-05, Tecnológico de Monterrey, Campus Ciudad de México.
    • Handle: RePEc:ega:docume:200805
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    File URL: http://alejandria.ccm.itesm.mx/egap/documentos/EGAP-2008-05.pdf
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    Keywords

    CPI; Mexico; plutocratic index; inflation;
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