Abraham Vela | Instituto Tecnologico Autonomo de Mexico (original) (raw)
Papers by Abraham Vela
Economia Mexicana-nueva Epoca, 2005
Revista Liminales. Escritos sobre Psicología y Sociedad
El presente artículo busca analizar el vínculo entre el conflicto psíquico y la práctica de la gi... more El presente artículo busca analizar el vínculo entre el conflicto psíquico y la práctica de la gimnasia artística en mujeres de 15 años en la Ciudad de México, considerando que dicho conflicto tiene la posibilidad de ser sublimado. Asimismo, se realizó el trabajo desde una metodología cualitativa con una perspectiva fenomenológica, basada en la observación participante y en entrevistas clínicas psicológicas semi-dirigidas a dos jóvenes gimnastas. Respecto a los resultados, se presentan los discursos de ambas jóvenes participantes, resaltando temas como el papel de la institución deportiva y su articulación con la producción de modos de subjetivación para la práctica del deporte de alto rendimiento de la gimnasia artística; desde la mirada de la subjetividad que, a la vez, retoma elementos psicoanalíticos y psicosociales. Por último, se presentan a modo de discusión, los procesos que las gimnastas van atravesando desde el conflicto psíquico, la imagen corporal, el disciplinamiento de...
Social Science Research Network, Mar 1, 1996
We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set o... more We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.
RePEc: Research Papers in Economics, 2014
In this paper we investigate how monetary policy in advanced economies affects financial conditio... more In this paper we investigate how monetary policy in advanced economies affects financial conditions in emerging market economies (EMEs). We find evidence for the working of several international transmission channels. In particular, advanced economy monetary policy, as proxied by US monetary conditions, seems to drive EME policy rates beyond what domestic factors would suggest. Furthermore, US long-term interest rates also affect EME long-term interest rates significantly. Finally, our results suggest that while the impact of US monetary policy has weakened, the co-movement of long-term rates became stronger after the financial crisis in 2008.
Economia Mexicana-nueva Epoca, 1996
We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set o... more We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.
This is a Working Paper and the authors) would welcome any comments on the present text Citations... more This is a Working Paper and the authors) would welcome any comments on the present text Citations should refer to a Working Paper of ihe International Monetary Fund, mentioning the author(s), and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.
IMF working paper, 1996
This is a Working Paper and the authors) would welcome any comments on the present text Citations... more This is a Working Paper and the authors) would welcome any comments on the present text Citations should refer to a Working Paper of ihe International Monetary Fund, mentioning the author(s), and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.
Social Science Research Network, Aug 1, 2014
In this paper we investigate how monetary policy in advanced economies affects financial conditio... more In this paper we investigate how monetary policy in advanced economies affects financial conditions in emerging market economies (EMEs). We find evidence for the working of several international transmission channels. In particular, advanced economy monetary policy, as proxied by US monetary conditions, seems to drive EME policy rates beyond what domestic factors would suggest. Furthermore, US long-term interest rates also affect EME long-term interest rates significantly. Finally, our results suggest that while the impact of US monetary policy has weakened, the co-movement of long-term rates became stronger after the financial crisis in 2008.
Abstract: We examine whether Mexico's disinflation experience during 1987-94 fits the widely... more Abstract: We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle. Keywords: stabilization, disinflation, business cycle, nominal anchor. Resumen: Se examina si la experiencia desinflacionaria de México durante el periodo 1987-1994 es compatible con los hechos estilizados de expansión económica y de evolución del sector externo asociados a las estabilizaciones inflacionarias basadas en el tipo de cambio (ERBS, por sus siglas en inglés). Una rápida revisión de los datos muestra que la e...
We examine whether Mexico's disinflation experience during 1987-94 f i t s a widely accepted ... more We examine whether Mexico's disinflation experience during 1987-94 f i t s a widely accepted set of stylized facts of exchange rate-based stabilization (ERBS), and relate i t to theories put forward to account for the boomrecession business cycle associated with ERBS. A cursory look at Mexican data shows that the experience f i t s quite closely the theoretical predictions and the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle. JEL Classification Numbers: E3, E52, E65 1/ Research Department, International Monetary Fund, and Direccion de Investigacion Economica, Banco de Mexico. An earlier version of this paper was presented under the t i t l e "The 1987 Mexican Inflation-Stabilization: Matching Stylized Facts and Theory" at the conference "Inflation Stabilization: The...
Macroeconomics: Monetary & Fiscal Policies eJournal, 2014
In this paper we investigate how monetary policy in advanced economies affects financial conditio... more In this paper we investigate how monetary policy in advanced economies affects financial conditions in emerging market economies (EMEs). We find evidence for the working of several international transmission channels. In particular, advanced economy monetary policy, as proxied by US monetary conditions, seems to drive EME policy rates beyond what domestic factors would suggest. Furthermore, US long-term interest rates also affect EME long-term interest rates significantly. Finally, our results suggest that while the impact of US monetary policy has weakened, the co-movement of long-term rates became stronger after the financial crisis in 2008.Full publication: The Transmission of Unconventional Monetary Policy to the Emerging Markets
Bis Papers Chapters, 2014
Imf, 1996
We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted se... more We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted set of stylized facts of exchange rate-based stabilization (ERBS), and relate it to theories put forward to account for the boom-recession business cycle associated with ERBS. A cursory look at Mexican data shows that the experience fits quite closely the theoretical predictions and the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.
IMF Working Papers, 1996
We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set o... more We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle. two anonymous referees for comments and suggestions.
We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted se... more We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted set of stylized facts of exchange rate-based stabilization (ERBS), and relate it to theories put forward to account for the boom-recession business cycle associated with ERBS. A cursory look at Mexican data shows that the experience fits quite closely the theoretical predictions and the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.
Economia Mexicana-nueva Epoca, 2005
Revista Liminales. Escritos sobre Psicología y Sociedad
El presente artículo busca analizar el vínculo entre el conflicto psíquico y la práctica de la gi... more El presente artículo busca analizar el vínculo entre el conflicto psíquico y la práctica de la gimnasia artística en mujeres de 15 años en la Ciudad de México, considerando que dicho conflicto tiene la posibilidad de ser sublimado. Asimismo, se realizó el trabajo desde una metodología cualitativa con una perspectiva fenomenológica, basada en la observación participante y en entrevistas clínicas psicológicas semi-dirigidas a dos jóvenes gimnastas. Respecto a los resultados, se presentan los discursos de ambas jóvenes participantes, resaltando temas como el papel de la institución deportiva y su articulación con la producción de modos de subjetivación para la práctica del deporte de alto rendimiento de la gimnasia artística; desde la mirada de la subjetividad que, a la vez, retoma elementos psicoanalíticos y psicosociales. Por último, se presentan a modo de discusión, los procesos que las gimnastas van atravesando desde el conflicto psíquico, la imagen corporal, el disciplinamiento de...
Social Science Research Network, Mar 1, 1996
We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set o... more We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.
RePEc: Research Papers in Economics, 2014
In this paper we investigate how monetary policy in advanced economies affects financial conditio... more In this paper we investigate how monetary policy in advanced economies affects financial conditions in emerging market economies (EMEs). We find evidence for the working of several international transmission channels. In particular, advanced economy monetary policy, as proxied by US monetary conditions, seems to drive EME policy rates beyond what domestic factors would suggest. Furthermore, US long-term interest rates also affect EME long-term interest rates significantly. Finally, our results suggest that while the impact of US monetary policy has weakened, the co-movement of long-term rates became stronger after the financial crisis in 2008.
Economia Mexicana-nueva Epoca, 1996
We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set o... more We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.
This is a Working Paper and the authors) would welcome any comments on the present text Citations... more This is a Working Paper and the authors) would welcome any comments on the present text Citations should refer to a Working Paper of ihe International Monetary Fund, mentioning the author(s), and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.
IMF working paper, 1996
This is a Working Paper and the authors) would welcome any comments on the present text Citations... more This is a Working Paper and the authors) would welcome any comments on the present text Citations should refer to a Working Paper of ihe International Monetary Fund, mentioning the author(s), and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.
Social Science Research Network, Aug 1, 2014
In this paper we investigate how monetary policy in advanced economies affects financial conditio... more In this paper we investigate how monetary policy in advanced economies affects financial conditions in emerging market economies (EMEs). We find evidence for the working of several international transmission channels. In particular, advanced economy monetary policy, as proxied by US monetary conditions, seems to drive EME policy rates beyond what domestic factors would suggest. Furthermore, US long-term interest rates also affect EME long-term interest rates significantly. Finally, our results suggest that while the impact of US monetary policy has weakened, the co-movement of long-term rates became stronger after the financial crisis in 2008.
Abstract: We examine whether Mexico's disinflation experience during 1987-94 fits the widely... more Abstract: We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle. Keywords: stabilization, disinflation, business cycle, nominal anchor. Resumen: Se examina si la experiencia desinflacionaria de México durante el periodo 1987-1994 es compatible con los hechos estilizados de expansión económica y de evolución del sector externo asociados a las estabilizaciones inflacionarias basadas en el tipo de cambio (ERBS, por sus siglas en inglés). Una rápida revisión de los datos muestra que la e...
We examine whether Mexico's disinflation experience during 1987-94 f i t s a widely accepted ... more We examine whether Mexico's disinflation experience during 1987-94 f i t s a widely accepted set of stylized facts of exchange rate-based stabilization (ERBS), and relate i t to theories put forward to account for the boomrecession business cycle associated with ERBS. A cursory look at Mexican data shows that the experience f i t s quite closely the theoretical predictions and the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle. JEL Classification Numbers: E3, E52, E65 1/ Research Department, International Monetary Fund, and Direccion de Investigacion Economica, Banco de Mexico. An earlier version of this paper was presented under the t i t l e "The 1987 Mexican Inflation-Stabilization: Matching Stylized Facts and Theory" at the conference "Inflation Stabilization: The...
Macroeconomics: Monetary & Fiscal Policies eJournal, 2014
In this paper we investigate how monetary policy in advanced economies affects financial conditio... more In this paper we investigate how monetary policy in advanced economies affects financial conditions in emerging market economies (EMEs). We find evidence for the working of several international transmission channels. In particular, advanced economy monetary policy, as proxied by US monetary conditions, seems to drive EME policy rates beyond what domestic factors would suggest. Furthermore, US long-term interest rates also affect EME long-term interest rates significantly. Finally, our results suggest that while the impact of US monetary policy has weakened, the co-movement of long-term rates became stronger after the financial crisis in 2008.Full publication: The Transmission of Unconventional Monetary Policy to the Emerging Markets
Bis Papers Chapters, 2014
Imf, 1996
We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted se... more We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted set of stylized facts of exchange rate-based stabilization (ERBS), and relate it to theories put forward to account for the boom-recession business cycle associated with ERBS. A cursory look at Mexican data shows that the experience fits quite closely the theoretical predictions and the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.
IMF Working Papers, 1996
We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set o... more We examine whether Mexico's disinflation experience during 1987-94 fits the widely accepted set of stylized facts of exchange-ratebased stabilization (ERBS) on inflation, the boom-recession business cycle, and the external sector. A cursory look at Mexican data shows that the experience fits quite closely the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle. two anonymous referees for comments and suggestions.
We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted se... more We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted set of stylized facts of exchange rate-based stabilization (ERBS), and relate it to theories put forward to account for the boom-recession business cycle associated with ERBS. A cursory look at Mexican data shows that the experience fits quite closely the theoretical predictions and the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle.