Mexico’s consumer boom: a post keynesian interpretation
This paper considers the Mexican "consumer boom" of the late 1980s and early 990s in the theoretical context of the Post Keynesian literature on endogenous money. The consumer boom poses an apparent paradox: on the one hand the rapid expansion of consumer lending during this period can b...
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| Formato: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2009 |
| País: | México |
| Recursos: | UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO |
| Repositorio: | Problemas del Desarrollo. Revista Latinoamericana de Economía |
| Idioma: | español |
| OAI Identifier: | oai:ojs.pkp.sfu.ca:article/7451 |
| Acesso em linha: | https://www.probdes.iiec.unam.mx/index.php/pde/article/view/7451 |
| Access Level: | acceso abierto |
| Palavra-chave: | TEORÍA MONETARIA POSKEYNESIANA LIBERALIZACIÓN FINANCIERA DINERO ENDÓGENO Post Keynesian monetary theory financial liberalization endogenous money Théorie monétaire post-keynesian liberalisation financière argent endogène Teoria monetária pós-keynesiana liberalização financeira dinheiro endógeno |
| Resumo: | This paper considers the Mexican "consumer boom" of the late 1980s and early 990s in the theoretical context of the Post Keynesian literature on endogenous money. The consumer boom poses an apparent paradox: on the one hand the rapid expansion of consumer lending during this period can be described by some of the more powerful arguments in the endogenous money literature. On the other hand, the Mexican state played a large role in creating the conditions that provoked this expansion. In closing we point to an older variety of Post Keynesian literature, exemplified by Juan Noyola, which allows us to make the necessary political economy distinctions that more recent Post Keynesian writings overlook. |
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