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Crecimiento económico e inflación: el caso de México


  • 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)


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.

Suggested Citation

  • Moisés J. Schwartz & Alejandro Pérez López, 2000. "Crecimiento económico e inflación: el caso de México," Economía Mexicana NUEVA ÉPOCA, , vol. 0(2), pages 165-188, July-Dece.
  • Handle: RePEc:emc:ecomex:v:9:y:2000:i:2:p:165-188

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    7. Atkinson, A. B. & Stiglitz, J. E., 1976. "The design of tax structure: Direct versus indirect taxation," Journal of Public Economics, Elsevier, vol. 6(1-2), pages 55-75.
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