… Such conditions were reflected in dramatic increases in asset prices and in private spending: the savings … V AT was applied to a wider set of activities, and income tax was reformulated) … the Mexican devaluation at the end of 1994, the demand for domestic assets suddenly fell …
CITATION STYLE
Heymann, D., Kaufman, M., & Sanguinetti, P. (2001). Learning about Trends: Spending and Credit Fluctuations in Open Economies. In Monetary Theory as a Basis for Monetary Policy (pp. 173–214). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-4039-3961-6_6
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