Abstract

ARIAS GUZMAN, Ericka Judith; CRUZ DIAZ, Felipe  and  BARCELLOS, Karla Estefanía. The Phillips Curve in Mexico (1980-2019), a death foretold?. RIDE. Rev. Iberoam. Investig. Desarro. Educ [online]. 2021, vol.12, n.23, e027.  Epub Feb 14, 2022. ISSN 2007-7467.  https://doi.org/10.23913/ride.v12i23.1035.

The objective of this paper is to estimate the Phillips Curve for the case of the Mexican economy to the period 1980-2019 using a structural model of autoregressive vectors (SVAR). This Curve has been the subject of great debate as to the importance it has for monetary policy decision-making in the world economies. Some authors agree with the statement that there is an inverse relationship between the unemployment rate and the Price level. However, this relationship is not clear for the Mexican economy due to the fact that since the end of the eighties, monetary policy has been directed at controlling prices without a favorable result in the generation of employment.

Keywords : Phillips Curve; unemployment; inflation; SVAR model; prices.

        · abstract in Spanish | Portuguese     · text in Spanish     · Spanish ( pdf )