<?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>0185-1667</journal-id>
<journal-title><![CDATA[Investigación económica]]></journal-title>
<abbrev-journal-title><![CDATA[Inv. Econ]]></abbrev-journal-title>
<issn>0185-1667</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Economía]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0185-16672005000100085</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Efectos reales del dinero anticipado y no anticipado: la metodología de Barro en un modelo de vectores autorregresivos y multicointegración para la economía mexicana, 1980-1999]]></article-title>
<article-title xml:lang="en"><![CDATA[Real effects of the anticipated and nonanticipated money: The Barro methodology in a VAR model and multicointegration for economy, 1980-1999]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rodríguez Ramos]]></surname>
<given-names><![CDATA[Carlos Antonio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Puerto Rico  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Puerto Rico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2005</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2005</year>
</pub-date>
<volume>64</volume>
<numero>251</numero>
<fpage>85</fpage>
<lpage>110</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0185-16672005000100085&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0185-16672005000100085&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0185-16672005000100085&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN En este trabajo se prueba la hipótesis de Barro mediante un modelo de vectores autorregresivos y multicointegración para la economía mexicana. La hipótesis de Barro se basa en los postulados de expectativas racionales, los cuales señalan que una expansión monetaria no tiene efectos reales a menos que sea sorpresa. Sin embargo, en función de los resultados, tanto la Oferta de dinero anticipada como la no-anticipada tienen efectos reales en la economía mexicana. En este caso, el dinero es no-neutral. Las razones de esta no-neutralidad van desde las rigideces del sistema, las características particulares de la política monetaria, hasta la composición de la estructura de la economía mexicana.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT In this paper, the Barro hypothesis by means of a VAR model and multicointegration for the Mexican economy is proved. The Barro hypothesis is based on the rational expectations postulates, which indicates that a monetary expansion does not have real effects unless it is surprise. Nevertheless, based on the results, the anticipated and the non-anticipated money supply have real effects in the Mexican economy. In this case, the money is non-neutral. The reasons for this non-neutrality include rigidities in the system, the particular characteristics of monetary policy, and the structure of the Mexican economy.]]></p></abstract>
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