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Análisis del intercambio entre el producto y la inflación en la economía mexicana

Author

Listed:
  • Liquitaya, José D.

    (Profesor Investigador del Área de Teoría Económica y jefe del C.A.”Modelos Macroeconómicos”, Departamento de Economía, UAM -Iztapalapa)

  • Ramírez, Miguel Ángel

    (Profesor-Investigador y jefe del Área de Teoría Económica, Departamento de Economía, UAM-Iztapalapa.)

Abstract

In this paper, the relevancy of the classic analysis’ model of the Rational Expectations School (RES) is reexamined; mainly in the concerning to the tradeoff’s vision between the product and inflation originally postulated by Robert Lucas Jr. For such effect, a historical recount of the ideas is made regarding the relationship inflation-unemployment until the formulation and empiric inquiry of the Luca’s Aggregate Supply. Next, the logical and formal aspects of the model are specified; then, some details are elucidated concerning the sample and used data. Ulteriorly, the results and the fundamental hypotheses are analyzed. Lastly, the main conclusions are submitted.

Suggested Citation

  • Liquitaya, José D. & Ramírez, Miguel Ángel, 2009. "Análisis del intercambio entre el producto y la inflación en la economía mexicana," Revista Nicolaita de Estudios Económicos, Universidad Michoacana de San Nicolás de Hidalgo, Instituto de Investigaciones Económicas y Empresariales, vol. 0(1), pages 85-110.
    • Handle: RePEc:ris:rnicee:0009
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    More about this item

    Keywords

    Phillips curve; rational expectations; natural rate of unemployment.;
    All these keywords.

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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