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Desajustes en el mercado de trabajo e inflación: un modelo integrador estimado para el caso español durante la gran recesión

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  • Ruesga, Santos M.
  • Pérez Ortiz, Laura
  • Sell, Friedrich L.

Abstract

La Gran Recesión ha enfatizado la necesidad de diferentes políticas económicas y reformas estructurales para impulsar el crecimiento económico y la contratación de las economías avanzadas y emergentes. Partimos del concepto teórico relativamente novedoso: la brecha de producción modificada (MOG), basada tanto en la curva de Phillips como en la de Beveridge, que revela la relación explícitamente positiva entre la tasa de vacantes de empleo y la tasa de inflación. Empíricamente se estima la relación mediante el desarrollo de tres modelos de datos de panel diferentes: de efectos fijos (FE), de efectos aleatorios (RE) y un sistema GMM (Método generalizado de momentos). Los resultados muestran que una pérdida de la eficiencia en el ajuste en el mercado laboral combinada con un aumento de la demanda en los mercados de bienes y servicios elevará la inflación. Se evidencia la relevancia empírica de la brecha de producción modificada para España durante la Gran Recesión y cómo afecta la implementación del plan de estímulo económico liderado por el gobierno español para impulsar la economía en este período.

Suggested Citation

  • Ruesga, Santos M. & Pérez Ortiz, Laura & Sell, Friedrich L., 2018. "Desajustes en el mercado de trabajo e inflación: un modelo integrador estimado para el caso español durante la gran recesión," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 23(54), pages 74-96.
    • Handle: RePEc:zbw:espost:206427
    DOI: 10.15359/eys.23-54.6
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    References listed on IDEAS

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    1. Oliver Jean Blanchard & Peter Diamond, 1989. "The Beveridge Curve," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(1), pages 1-76.
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