<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-6655</journal-id>
<journal-title><![CDATA[Análisis económico]]></journal-title>
<abbrev-journal-title><![CDATA[Anál. econ.]]></abbrev-journal-title>
<issn>2448-6655</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, Unidad Azcapotzalco, División de Ciencias Sociales y Humanidades]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-66552024000300153</article-id>
<article-id pub-id-type="doi">10.24275/uam/azc/dcsh/ae/2024v39n102/vera</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Definición y efectividad de la política monetaria mexicana, estudio econométrico y de causalidad inductiva]]></article-title>
<article-title xml:lang="en"><![CDATA[Definition and effectiveness of monetary policy in Mexico, an econometric and inductive causality study]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Vera Sánchez]]></surname>
<given-names><![CDATA[Fernando]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Tregear Maldonado]]></surname>
<given-names><![CDATA[Manuel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Anáhuac  ]]></institution>
<addr-line><![CDATA[Puebla ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Anáhuac  ]]></institution>
<addr-line><![CDATA[Puebla ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<volume>39</volume>
<numero>102</numero>
<fpage>153</fpage>
<lpage>165</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-66552024000300153&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-66552024000300153&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-66552024000300153&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El presente trabajo busca probar la hipótesis que el Banco de México define su política monetaria de tasa de interés con base en variables distintas a las normalmente aceptadas, yendo en contra de los principios de la regla de Taylor. Se propone un estudio econométrico y con Gráficas Dirigidas Acíclicas (GDA), que según la revisión bibliográfica sería pionera en el objeto de este estudio, para medir relaciones de causalidad sobre varias variables. Los datos se obtuvieron de las estadísticas del Banco de México y del INEGI. Los resultados revelan que es probable que la definición de tasa de referencia en México sea un seguidor claro de los lineamientos de la Reserva Federal en Estados Unidos, principalmente.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This paper seeks to test the hypothesis that Banco de México defines its monetary interest rate policy based on other variables, far from the interest rate, going against the principles of the Taylor´s rule. An econometric study with Acyclic Directed Graphs (GDA) is proposed, which according to the bibliographic review would be a pioneering application in the object of this study, to measure causal relationships on various variables. The data was obtained from Banco de México and INEGI. The results reveal that the definition of the reference rate in Mexico is likely to follow the guidelines of the Federal Reserve in the United States, mostly.]]></p></abstract>
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<kwd lng="es"><![CDATA[Política monetaria]]></kwd>
<kwd lng="es"><![CDATA[Regla de Taylor]]></kwd>
<kwd lng="es"><![CDATA[Gráficas Dirigidas]]></kwd>
<kwd lng="es"><![CDATA[Acíclicas]]></kwd>
<kwd lng="en"><![CDATA[Monetary Policy]]></kwd>
<kwd lng="en"><![CDATA[Taylor´s Rule]]></kwd>
<kwd lng="en"><![CDATA[Directed Acyclic Graphs]]></kwd>
</kwd-group>
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