skip to content
External Shocks and Business Cycle Fluctuations in Mexico : How Important are U.S. Factors? Preview this item
ClosePreview this item
Checking...

External Shocks and Business Cycle Fluctuations in Mexico : How Important are U.S. Factors?

Author: Sebastian Sosa; International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, 2008.
Series: IMF working paper, WP/08/100.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
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  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Sosa, Sebastian.
External Shocks and Business Cycle Fluctuations in Mexico: How Important are U.S. Factors?
Washington : International Monetary Fund, ©2008
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Sebastian Sosa; International Monetary Fund.
ISBN: 1451914156 9781451914153
OCLC Number: 815737345
Notes: Available in PDF, ePUB, and Mobi formats on the Internet.
Description: 1 online resource (31 pages).
Contents: I. Introduction; II. The Econometric Model; A. Specification and Identification Strategy; B. Block Structure, Variables, and Data; C. Estimation Issues; III. The Role of U.S. Demand and Other External Shocks in Mexican Output Fluctuations.; Tables; 1. Variance Decomposition of Mexican Real Output: Post-NAFTA Period; 2. Size of the Shocks and Output Response in Mexico: Post-NAFTA; Figures; 1. Response of Real Output to a U.S. Industrial Production Shock; 3. Variance Decomposition of Mexican Real Output: Post-NAFTA Period (Using U.S. GDP as a Proxy for U.S. Demand). 4. Variance Decomposition of Mexican Real Output: Post-NAFTA Period (Using U.S. Imports as a Proxy for U.S. Demand)2. Response of Real Output to a U.S. GDP Shock; 5. Variance Decomposition of Mexican Real Output: Post-NAFTA Period (Using U.S. Real Interest Rate as a Proxy for International Financial Conditions); 3. Response of Real Output to a U.S. Imports Shock; 6. Variance Decomposition of Mexican Real Output: Post-NAFTA Period (Using VIX Volatility Index as a Proxy for International Financial Conditions). 7. Variance Decomposition of Mexican Real Output: Post-NAFTA Period (Using Junk Bond Yields as a Proxy for International Financial Conditions)8. Variance Decomposition of Mexican Real Output: 1980Q1-2007Q2; 9. Size of the Shocks and Output Response in Mexico: 1980Q1-2007Q2; 4. Response of Real Output to a U.S. Demand Shock (Post-NAFTA and 1980-2007); IV. Capturing U.S. Demand Linkages to Mexico: Which U.S. Variables Help Explain Fluctuations in Mexican Economic Activity?; A. Bivariate VARs: Variance Decomposition Analysis; B. Synchronization Between the U.S. and Mexican Economies. 10. Mexican GDP and U.S. Variables: Bivariate VARs11. Mexican Exports and U.S. Variables: Bivariate VARs; 5. Synchronization Between Mexican GDP and U.S. Variables; 12. Cross Correlations of Mexican GDP and U.S. Variables; 13. Cross Correlations of Mexican Exports and U.S. Variables; 6. Synchronization Between Mexican Exports and U.S. Variables; V.U.S. Shocks and Business Cycle Fluctuations in Mexico: Potential Spillovers and Channels of Transmission; 7. Synchronization Between Mexican GDP (Services) and U.S. Variables; A. Explaining Services Sector GDP, with Unrestricted VAR Models. 14. Cross Correlations of Mexican GDP (Services) and U.S. Variables15. Variance Decomposition of Mexico's Real Output in Services; 16. Variance Decomposition of Mexico's Real Output in Services (Using U.S. GDP as a Proxy for U.S. Demand); 8. Response of Real Output in Services to a U.S. Industrial Production Shock; 17. Variance Decomposition of Mexico's Real Output in Services (Using U.S. Imports as a Proxy for U.S. Demand); 9. Response of Real Output in Services to a U.S. GDP Shock; 10. Response of Real Output in Services to a U.S. Imports Shock; B. Channels Other Than External Trade?
Series Title: IMF working paper, WP/08/100.
Other Titles: IMF eLibrary.
Responsibility: prepared by Sebastián Sosa.

Abstract:

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.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Related Subjects:(2)

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/815737345> # External Shocks and Business Cycle Fluctuations in Mexico : How Important are U.S. Factors?
    a schema:CreativeWork, schema:Book, schema:MediaObject ;
    library:oclcnum "815737345" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/dcu> ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/502643081#Place/washington_d_c> ; # Washington, D.C.
    rdfs:comment "Unknown 'gen' value: igp" ;
    rdfs:seeAlso <http://experiment.worldcat.org/entity/work/data/502643081#CreativeWork/imf_elibrary> ; # IMF eLibrary.
    schema:about <http://id.worldcat.org/fast/1211700> ; # Mexico.
    schema:about <http://id.worldcat.org/fast/1204155> ; # United States.
    schema:about <http://experiment.worldcat.org/entity/work/data/502643081#Place/united_states> ; # United States.
    schema:about <http://dewey.info/class/338.542/e23/> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/502643081#Place/mexico> ; # Mexico.
    schema:author <http://viaf.org/viaf/16968261> ; # Sebastian Sosa
    schema:bookFormat schema:EBook ;
    schema:contributor <http://viaf.org/viaf/147860995> ; # International Monetary Fund.
    schema:contributor <http://viaf.org/viaf/216149294446880522831> ; # Sebastian Sosa
    schema:datePublished "2008" ;
    schema:description "I. Introduction; II. The Econometric Model; A. Specification and Identification Strategy; B. Block Structure, Variables, and Data; C. Estimation Issues; III. The Role of U.S. Demand and Other External Shocks in Mexican Output Fluctuations.; Tables; 1. Variance Decomposition of Mexican Real Output: Post-NAFTA Period; 2. Size of the Shocks and Output Response in Mexico: Post-NAFTA; Figures; 1. Response of Real Output to a U.S. Industrial Production Shock; 3. Variance Decomposition of Mexican Real Output: Post-NAFTA Period (Using U.S. GDP as a Proxy for U.S. Demand)."@en ;
    schema:description "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."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/502643081> ;
    schema:genre "Government publication"@en ;
    schema:genre "Electronic books"@en ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/502643081#Series/imf_working_paper> ; # IMF working paper ;
    schema:isSimilarTo <http://worldcat.org/entity/work/data/502643081#CreativeWork/external_shocks_and_business_cycle_fluctuations_in_mexico_how_important_are_u_s_factors> ;
    schema:name "External Shocks and Business Cycle Fluctuations in Mexico : How Important are U.S. Factors?"@en ;
    schema:productID "815737345" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/815737345#PublicationEvent/washington_d_c_international_monetary_fund_2008> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/502643081#Agent/international_monetary_fund> ; # International Monetary Fund
    schema:url <http://elibrary.imf.org/view/IMF001/09212-9781451869613/09212-9781451869613/09212-9781451869613.xml> ;
    schema:url <http://site.ebrary.com/id/10369372> ;
    schema:url <http://public.eblib.com/choice/publicfullrecord.aspx?p=1607845> ;
    schema:url <http://public.ebookcentral.proquest.com/choice/publicfullrecord.aspx?p=1607845> ;
    schema:url <http://www.elibrary.imf.org/view/IMF001/09212-9781451869613/09212-9781451869613/09212-9781451869613.xml> ;
    schema:url <http://public.eblib.com/choice/publicfullrecord.aspx?p=3013383> ;
    schema:workExample <http://worldcat.org/isbn/9781451914153> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/815737345> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/502643081#Agent/international_monetary_fund> # International Monetary Fund
    a bgn:Agent ;
    schema:name "International Monetary Fund" ;
    .

<http://experiment.worldcat.org/entity/work/data/502643081#Place/united_states> # United States.
    a schema:Place ;
    schema:name "United States." ;
    .

<http://experiment.worldcat.org/entity/work/data/502643081#Place/washington_d_c> # Washington, D.C.
    a schema:Place ;
    schema:name "Washington, D.C." ;
    .

<http://experiment.worldcat.org/entity/work/data/502643081#Series/imf_working_paper> # IMF working paper ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/815737345> ; # External Shocks and Business Cycle Fluctuations in Mexico : How Important are U.S. Factors?
    schema:name "IMF working paper ;" ;
    .

<http://id.worldcat.org/fast/1204155> # United States.
    a schema:Place ;
    schema:name "United States." ;
    .

<http://id.worldcat.org/fast/1211700> # Mexico.
    a schema:Place ;
    schema:name "Mexico." ;
    .

<http://viaf.org/viaf/147860995> # International Monetary Fund.
    a schema:Organization ;
    schema:name "International Monetary Fund." ;
    .

<http://viaf.org/viaf/16968261> # Sebastian Sosa
    a schema:Person ;
    schema:familyName "Sosa" ;
    schema:givenName "Sebastian" ;
    schema:name "Sebastian Sosa" ;
    .

<http://viaf.org/viaf/216149294446880522831> # Sebastian Sosa
    a schema:Person ;
    schema:familyName "Sosa" ;
    schema:givenName "Sebastian" ;
    schema:name "Sebastian Sosa" ;
    .

<http://worldcat.org/entity/work/data/502643081#CreativeWork/external_shocks_and_business_cycle_fluctuations_in_mexico_how_important_are_u_s_factors>
    a schema:CreativeWork ;
    rdfs:label "External Shocks and Business Cycle Fluctuations in Mexico: How Important are U.S. Factors?" ;
    schema:description "Print version:" ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/815737345> ; # External Shocks and Business Cycle Fluctuations in Mexico : How Important are U.S. Factors?
    .

<http://worldcat.org/isbn/9781451914153>
    a schema:ProductModel ;
    schema:isbn "1451914156" ;
    schema:isbn "9781451914153" ;
    .

<http://www.worldcat.org/title/-/oclc/815737345>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/815737345> ; # External Shocks and Business Cycle Fluctuations in Mexico : How Important are U.S. Factors?
    schema:dateModified "2018-08-18" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.