MÉXICO: LA ESTRATEGIA MACROECONÓMICA 2001-2006. PROMESAS, RESULTADOS Y PERSPECTIVAS
This article examines the objectives, instruments and results of the macroeconomic strategy applied in Mexico during the government of President Fox. In particular, it analyzes the transmission mechanisms and the effects of a monetary policy aimed exclusively (by reason of the law) at controlling in...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2009 |
| País: | México |
| Institución: | UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO |
| Repositorio: | Problemas del Desarrollo. Revista Latinoamericana de Economía |
| Idioma: | español |
| OAI Identifier: | oai:ojs.pkp.sfu.ca:article/7597 |
| Acceso en línea: | https://www.probdes.iiec.unam.mx/index.php/pde/article/view/7597 |
| Access Level: | acceso abierto |
| Palabra clave: | RECESIÓN MACROECONOMÍA POLÍTICA MONETARIA POLÍTICA FISCAL CRECIMIENTO ECONÓMICO ECONOMÍA MEXICANA recession macroeconomy monetary policy fiscal policy economic growth Mexican economy récession macroéconomie politique monétaire politique fiscale croissance économique économie mexicaine recessão macroeconomia política monetária política fiscal crescimento econômico economia mexicana |
| Sumario: | This article examines the objectives, instruments and results of the macroeconomic strategy applied in Mexico during the government of President Fox. In particular, it analyzes the transmission mechanisms and the effects of a monetary policy aimed exclusively (by reason of the law) at controlling inflation, as well as fiscal policy which -by government decision -has been oriented primarily to supporting the monetary authorities in their disinflationary mission via fiscal balance targets, acting pro-cyclically in terms of GDP and employment growth. This shows that the government of President Fox received an economy in recession, lacking the instruments of macroeconomic policy to deal with it. Finally, it is concluded that the gap between the promise of economic growth and the real performance of the Mexican economy during the period 2001-2005 is a natural and predictable consequence of the macroeconomic strategy applied. |
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