INFLUENCE OF PRICE STABILITY AND PERFORMANCE OF THE FINANCIAL SYSTEM IN ECONOMIC GORWTH IN MEXICO 1994-2013
Copyright and Licensing:
Copyright (c) 2015 Semestre Económico
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Abstract
This paper analyses the influence of the financial system in economic growth and the relation that system has in the price stability and other macroeconomic variables between 1994 and 2013. For this purpose an
Autoregressive Vector model is estimated, the impulse-response functions are studied, the decomposition of the variance is analyzed and a Ganger causality test is performed. Evidence is found that in Mexico the stability of prices and the financial system has influenced economic growth.
