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Crecimiento económico e inflación: el caso de México


Author Info

  • 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)

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    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.

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    Bibliographic Info

    Article provided by in its journal Economia Mexicana NUEVA EPOCA.

    Volume (Year): IX (2000)
    Issue (Month): 2 (July-December)
    Pages: 165-188

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    Handle: RePEc:emc:ecomex:v:9:y:2000:i:2:p:165-188

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