<?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>1870-6622</journal-id>
<journal-title><![CDATA[EconoQuantum]]></journal-title>
<abbrev-journal-title><![CDATA[EconoQuantum]]></abbrev-journal-title>
<issn>1870-6622</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Guadalajara]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1870-66222025000200081</article-id>
<article-id pub-id-type="doi">10.18381/eq.v22i2.7368</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Evaluación de la eficacia de la tasa de interés y el tipo de cambio en la definición de las condiciones monetarias en México]]></article-title>
<article-title xml:lang="en"><![CDATA[Evaluation of the effectiveness of the interest rate and the exchange rate in defining monetary conditions in Mexico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Chávez Piña]]></surname>
<given-names><![CDATA[Giovani Hasael]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Soto Zazueta]]></surname>
<given-names><![CDATA[Irvin Mikhail]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Sinaloa  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Sinaloa  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2025</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2025</year>
</pub-date>
<volume>22</volume>
<numero>2</numero>
<fpage>81</fpage>
<lpage>99</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1870-66222025000200081&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1870-66222025000200081&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1870-66222025000200081&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen:  Objetivo: Evaluar mediante un índice de condiciones monetarias la eficacia del tipo de cambio y la tasa de interés en la determinación de la postura monetaria en México.  Metodología: A partir de un modelo de vectores autorregresivos (VAR) se establecen los efectos relativos de la tasa de interés, el tipo de cambio real y las expectativas sobre la inflación.  Resultados: Los resultados obtenidos establecen una relación de 1:9.5 del tipo de cambio y la tasa de interés respecto a su efecto la inflación.  Originalidad: La incorporación de las expectativas de inflación en la determinación de los ponderadores permite captar el impacto perdurable de los ajustes monetarios en la economía real.  Limitaciones: La definición del perfil de la política monetaria a través del índice es general y limitada por los choques económicos. No concentra todas las dimensiones de la política monetaria y la interacción de los demás factores determinantes.  Conclusiones: El índice de condiciones monetarias refleja el perfil de la política monetaria y la preeminencia de la tasa de interés en la determinación de la postura monetaria.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract:  Objective: Based upon a monetary conditions index, to evaluate the effectiveness of the exchange rate and the interest rate in determining the monetary stance in Mexico.  Methodology: The relative effects of the interest rate, the real exchange rate, and inflation expectations are established using a vector autoregressive (VAR) model.  Results: The results obtained show a 1:9.5 relationship between the exchange rate and the interest rate and their effect on inflation.  Originality: The incorporation of inflation expectations in the determination of the weights allows us to capture the lasting impact of monetary adjustments on the real economy.  Limitations: The definition of the monetary policy profile through the index is general and limited by economic shocks. It does not encompass all the dimensions of monetary policy and the interaction of other determining factors.  Conclusions: The monetary conditions index reflects the profile of monetary policy and the preeminence of the interest rate in determining the monetary stance.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[índice de condiciones monetarias]]></kwd>
<kwd lng="es"><![CDATA[política monetaria]]></kwd>
<kwd lng="es"><![CDATA[banco central]]></kwd>
<kwd lng="es"><![CDATA[VAR]]></kwd>
<kwd lng="en"><![CDATA[index]]></kwd>
<kwd lng="en"><![CDATA[monetary policy]]></kwd>
<kwd lng="en"><![CDATA[central bank]]></kwd>
<kwd lng="en"><![CDATA[VAR]]></kwd>
</kwd-group>
</article-meta>
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