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

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.