External Shocks and Business Cycle Fluctuations in Mexico: How Important Are U.S. Factors?
This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and identifies the dynamic responses of domestic output to foreign disturbances. Using a VAR model with block exogeneity restrictions, it finds that U.S. shocks explain a large share o...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2008
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| Series: | IMF Working Papers
Working Paper No. 08/100 |
| Subjects: | |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and identifies the dynamic responses of domestic output to foreign disturbances. Using a VAR model with block exogeneity restrictions, it finds that U.S. shocks explain a large share of Mexico''s macroeconomic fluctuations after NAFTA. This partly reflects greater trade integration-but also Mexico''s ""Great Moderation,"" as the country escaped its former pattern of macro-financial crises. In this period, Mexico''s output fluctuations have been closely synchronized with the U.S. cycle, with a large and rapid impact of U.S. shocks on Mexican growth |
| Item Description: | Includes bibliographical references |
| Physical Description: | 1 Online-Ressource (31 p) |
| ISBN: | 1451869614 9781451869613 |
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| id | DE-604.BV048348668 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:34Z |
| institution | BVB |
| isbn | 1451869614 9781451869613 |
| language | English |
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| oclc_num | 815737345 |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Sosa, Sebastian Verfasser aut External Shocks and Business Cycle Fluctuations in Mexico How Important Are U.S. Factors? Sosa, Sebastian Washington, D.C International Monetary Fund 2008 1 Online-Ressource (31 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/100 Includes bibliographical references This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and identifies the dynamic responses of domestic output to foreign disturbances. Using a VAR model with block exogeneity restrictions, it finds that U.S. shocks explain a large share of Mexico''s macroeconomic fluctuations after NAFTA. This partly reflects greater trade integration-but also Mexico''s ""Great Moderation,"" as the country escaped its former pattern of macro-financial crises. In this period, Mexico''s output fluctuations have been closely synchronized with the U.S. cycle, with a large and rapid impact of U.S. shocks on Mexican growth Online-Ausg Business cycles Mexico Econometric models Mexico / Economic conditions / Econometric models Mexico / Foreign economic relations / United States / Econometric models Electronic books http://elibrary.imf.org/view/IMF001/09212-9781451869613/09212-9781451869613/09212-9781451869613.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Sosa, Sebastian External Shocks and Business Cycle Fluctuations in Mexico How Important Are U.S. Factors? Business cycles Mexico Econometric models |
| title | External Shocks and Business Cycle Fluctuations in Mexico How Important Are U.S. Factors? |
| title_auth | External Shocks and Business Cycle Fluctuations in Mexico How Important Are U.S. Factors? |
| title_exact_search | External Shocks and Business Cycle Fluctuations in Mexico How Important Are U.S. Factors? |
| title_exact_search_txtP | External Shocks and Business Cycle Fluctuations in Mexico How Important Are U.S. Factors? |
| title_full | External Shocks and Business Cycle Fluctuations in Mexico How Important Are U.S. Factors? Sosa, Sebastian |
| title_fullStr | External Shocks and Business Cycle Fluctuations in Mexico How Important Are U.S. Factors? Sosa, Sebastian |
| title_full_unstemmed | External Shocks and Business Cycle Fluctuations in Mexico How Important Are U.S. Factors? Sosa, Sebastian |
| title_short | External Shocks and Business Cycle Fluctuations in Mexico |
| title_sort | external shocks and business cycle fluctuations in mexico how important are u s factors |
| title_sub | How Important Are U.S. Factors? |
| topic | Business cycles Mexico Econometric models |
| topic_facet | Business cycles Mexico Econometric models |
| url | http://elibrary.imf.org/view/IMF001/09212-9781451869613/09212-9781451869613/09212-9781451869613.xml |
| work_keys_str_mv | AT sosasebastian externalshocksandbusinesscyclefluctuationsinmexicohowimportantareusfactors |