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The official discourse of public organizations emphasizes what must be done to achieve the high degree of legitimacy in society; one of the mechanisms for the institutionalization of external images are the ceremonies, that contribute to the legitimacy of authority, representing a powerful tool to convey the true. Weaving a particular ideology that allows a highly effective exercise of power, a face that is away from the direct imposition or coercion. This article aims to analyze some of the approaches that are located within the official discourse of a public organization, where the political scene is cyclical, in this study case is presented the official discourse of the central mexican bank formerly known as Banco de Mexico. This paper is discussed from the study case perspective and in this sense intended to approach the understanding of the significance networks that are created around and within the mexican financial system. The Central Bank of México has the primary objective of inflation control, and in this sense tries to justify monetary policy measures carried out on stakeholders inside and outside the country. This article is divided into three parts: the first analyzes the construction of meaning networks through the discourse of the organization, the second outlines the importance of ceremonies in organizations, and outlines its main characteristics and the methodological strategy employed to identify key actors and intentions in the discourse. Finally, third part, exposes the analysis of the Banco de México discourse, is analyzed how the discourse is a power expression medium with different intentions where exists a particular organizational response to achieve its institutional credibility. [ABSTRACT FROM AUTHOR]

This paper presents an econometric analysis of the demand for the monetary aggregate M1 for Mexico. Using cointegration techniques, we identify both a stable long-run relationship between M1 and its determinants, and a statistically sound single-equation error-correction model. Results are used to carry out the following simple applications: i) empirical determination of the value and stability of dual inflationary equilibria, given the observed seigniorage levels; ii) calculation of the seigniorage maximizing inflation rate, and iii) analysis of the potential relationship between a measure of excess money and inflation. Results indicate that the low inflation equilibrium is stable, and that the excess money indicator shows, in retrospective, some capacity in predicting inflationary pressures. [ABSTRACT FROM AUTHOR]

Conventional monetary theory confirms Fisher's hypothesis which assumes that the real rate of interest varies only in the short term, while in the long term money is neutral. Using multivariate time-series models, and specifically VAR and VEC, with variables for Mexico and the United States (US) during the period 1994-2006, this paper studies the dynamic short-term relationship by decomposing the variance and response functions to the stimulus, and the long-term equilibrium relationship between these variables. It is shown that during the period of study the Fisher hypothesis is partly confirmed for the Mexican economy but not for the US economy. For its part, Mexican inflation has a strongly inertial component that lasts four months and accounts for nearly 80% of the inflationary changes. [ABSTRACT FROM AUTHOR]

This paper presents the first historical series of poverty and inequality in Mexico for the period 1950-2004. We observe that poverty reduces continuously between 1950 and 1984, and remains constant, with the exception of 1996, where it increases sharply. With regards to inequality, this variable follows an inverted U trend between 1950 and 1984, similar to the Kuznets curve; however, it increases almost continuously from 1984 on. We also show that during 1950-2004 the correlation between poverty and economic growth has been strong and negative, the correlation between poverty and inflation has been strong and positive, and the correlation between poverty and inequality has also been positive. [ABSTRACT FROM AUTHOR]