Crecimiento económico e inflación: el caso de México

Moisés J. Schwartz and Alejandro Pérez López
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Moisés J. Schwartz: Director de Análisis Macroeconómico, Banco de México. México, D.F. Mexico
Alejandro Pérez López: Investigador Económico, Banco de México. México, D.F. Mexico

Economía Mexicana NUEVA ÉPOCA, 2000, vol. IX, issue 2, 165-188

Abstract: The analysis focuses on the short-run dynamics of several macroeconomic variables and their relationship with the rate of inflation. The cyclical components of the variables are obtained through the Hodrick- Prescott filter. Contemporaneous correlations between the cyclical components show that inflation rates above their long-term trend are associated with below trend economic activity, employment, investment and real wages and with nominal and real interest rates above their trend. Non-contemporaneous correlations show that inflation has an adverse effect on the referred variables. Results are confirmed through “impulse-response” functions.

Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:emc:ecomex:v:9:y:2000:i:2:p:165-188

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