A01=Francisco Carrada-Bravo
Aggregate Absorption
Author_Francisco Carrada-Bravo
balance of payments theory
Category=JP
Category=KCB
Category=NHK
Crude Oil Exports
Current Account Balance
Current Real Income
developing economies research
econometric simulation
eq_bestseller
eq_business-finance-law
eq_history
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
Excess Demand
Expected Price Level
Flow Demand
GNP Deflator
Government Spending
inflation dynamics
Inflationary Expectations
macroeconomic modeling
Marginal Propensity
Mexican Economy
monetary policy analysis
Money Supply
Net Foreign Assets
NFA
Non-oil Sector
Normal Income
Oil Price Exports
oil revenue impact on Mexico
Real Aggregate Expenditures
Real Cash Balances
Real Government Expenditures
Real National Income
Real Private Consumption
Real Private Investment
Short Term Capital Flows
Product details
- ISBN 9780367167103
- Weight: 299g
- Dimensions: 152 x 229mm
- Publication Date: 13 Jun 2023
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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In the mid-1970s unemployment, inflation and monetary disturbances were dominant forces in the Mexican economy. Beginning in late 1977, however the situation drastically changed. The discovery of enormous oil fields, combined with a structural and social factors, vastly improved the nation's prospects and in terms of business cycles, its economy moved from trough to peak. In assessing these changes, Dr Carrada constructs a macro-econometric model- based on the monetary approach to the balance of payments- to deal in the short-run with structural features of Mexico's economy. He then applied his model to a variety of scenarios in order to explore the short-term dynamic impact of oil revenues on real incomes, prices, inflation, money, supply and balance of payments. Incorporating theoretical and empirical evidence of hoe expectations affect levels of economic activity and inflation, Dr Carrada's model is applicable also to the conditions of other oil-rich developing countries
Dr Carrada is director of economic studies and associate professor of economics at the Monterrey Institute of Technology in Mexico.
