Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/217352 
Year of Publication: 
2019
Citation: 
[Journal:] Investigación Económica [ISSN:] 2594-2360 [Volume:] 78 [Issue:] 308 [Publisher:] Universidad Nacional Autónoma de México (UNAM), Faculdad de Economía [Place:] Ciudad de México [Year:] 2019 [Pages:] 39-62
Publisher: 
Universidad Nacional Autónoma de México (UNAM), Faculdad de Economía, Ciudad de México
Abstract (Translated): 
We estimate the Non-Accelerating Inflation Rate of Unemployment (NAIRU) for Mexico (2002Q1-2018Q2) with Ball and Mankiw's (2002) methodology using the Generalized Method of Moments. We prove that, with this methodology, the calculation of NAIRU is more efficient than the one calculated with the HP filter. We show that: a) the Dot Com and the Great Recession crises have had real and lasting effects on the labor market; b) Mexico's monetary policy has been stabilizing, and c) the relationship between unemployment and inflation has strengthened over the last years.
Subjects: 
NAIRU
brecha de desempleo
política monetaria
GMM
cambio estructural
JEL: 
C26
E12
E24
E52
E58
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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