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This paper presents an analysis of the expected inflation distribution based on the surveys made to economic analysts in the private sector, by Banco de México. Conceptually, the analysis can be divided into three aspects: level, dispersion, and skewness, of expected inflation. It is...
Persistent link: https://www.econbiz.de/10009613749
exposition in the subject, making emphasis in his contributions to the short-run analysis of unemployment, wages and prices in … unemployment, looking at the use of concepts like involuntary unemployment, macroeconomic equilibrium and imperfect information … incomplete and imperfect, and that his hypothesis tumbles down if the natural rate of unemployment is endogenous and changes with …
Persistent link: https://www.econbiz.de/10005464636
This paper introduces an indicator of consumers' inflation expectations based on data from the National Consumer Confidence Survey of Mexico (ENCO, in Spanish), and tests its predictive power over CPI inflation and other measures of inflation that correspond to smaller baskets of consumer goods,...
Persistent link: https://www.econbiz.de/10009674751
In order to create an environment of low and stable inflation in Mexico it has been necessary to generate a framework for the conduction of monetary policy focused on price stability along with fiscal discipline. This paper describes some structural achievements to control inflation that have...
Persistent link: https://www.econbiz.de/10011445098
In order to create an environment of low and stable inflation in Mexico it has been necessary to generate a framework for the conduction of monetary policy focused on price stability along with fiscal discipline. This paper describes some structural achievements to control inflation that have...
Persistent link: https://www.econbiz.de/10010410407
By examining the reaction functions of the Central Banks of Brazil, Chile, Colombia, Mexico, and Peru (LATAM-5) over the period 2002-2019, this article explores the degree to which the adoption of inflation targeting regimes allowed these economies to have greater room of manouvre in conducting...
Persistent link: https://www.econbiz.de/10014433825
Este estudio construye nuevas series de tasas de desempleo para Latinoamérica y el Caribe y estudia sus determinantes. Al comparar diferentes países encontramos que el desempleo está influenciado por el tamaño de la población rural y que los efectos de las regulaciones gubernamentales son...
Persistent link: https://www.econbiz.de/10009649716
We estimate the Non-Accelerating Inflation Rate of Unemployment (NAIRU) for Mexico (2002Q1-2018Q2) with Ball and Mankiw … relationship between unemployment and inflation has strengthened over the last years. …
Persistent link: https://www.econbiz.de/10012217599