Search Results - subject:"external constraint"

The Mexican economy: balance-of-payments-constrained growth model--the importance of the exchange rate, 1970-1999

Loría, Eduardo - In: Journal of Post Keynesian Economics 25 (2003) 4, pp. 661-691

We argue that the main constraint for the Mexican economy to grow remains inside the structural deficit of the current account as well as in the real exchange rate level. An annual structural econometric model (1970-99) (estimated through weighted two-stage least squares) is estimated to...

Persistent link: https://www.econbiz.de/10005750145

Macroeconomic Policy, External Targets and Constraints: The Case of Spain

Dolado, Juan J.; Viñals, José - C.E.P.R. Discussion Papers - 1991

the true external constraint is binding only in the long run. This seems to have been the case in Spain, where … Spanish economy is currently more than complying with its external constraint. However, we warn against complacency in view of …

Persistent link: https://www.econbiz.de/10005661449

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