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Understanding the process of (dis) inflationary structural change: the case of Mexico

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dc.description.abstract I study the diff usion process of inflationary shocks in the Mexican economy using disaggregated price data for 283 goods across 46 cities in the period 1995-2012. I first show that the distribution of shocks shows considerable heterogeneity, with more than 80% of all cases having experienced a break. I then show that both the likelihood and timing are spatially correlated across cities, and find a positive and concave relationship between CPI weights and the likelihood and timing of a break. These findings suggest that the process of structural change follows a di ffusion process across the spatial and goods dimensions. en
dc.title Understanding the process of (dis) inflationary structural change: the case of Mexico en
dc.contributor.author Vaughan, Daniel
dc.date.accessioned 2014-10-29T22:18:42Z
dc.date.available 2014-10-29T22:18:42Z
dc.date.issued 2014-10-29
dc.identifier.uri http://hdl.handle.net/123456789/12594
lacea.language.supported en
dc.description Working Paper
dc.language.iso en
dc.subject Structural change
dc.subject Inflation
dc.subject Spatial econometrics
dc.subject Mexico
dc.subject Emerging economies
dc.type Article


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