<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0185-1667</journal-id>
<journal-title><![CDATA[Investigación económica]]></journal-title>
<abbrev-journal-title><![CDATA[Inv. Econ]]></abbrev-journal-title>
<issn>0185-1667</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Economía]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0185-16672023000400185</article-id>
<article-id pub-id-type="doi">10.22201/fe.01851667p.2023.326.86215</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Inflación y Crecimiento Económico en América Latina, Una Relación no Lineal]]></article-title>
<article-title xml:lang="en"><![CDATA[Inflation and Economic Growth in Latin America, a Non-Linear Relationship]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Aceves Mejía]]></surname>
<given-names><![CDATA[Mario]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Absalón Copete]]></surname>
<given-names><![CDATA[Carlos]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Benemérita Universidad Autónoma de Puebla Facultad de Contaduría ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Benemérita Universidad Autónoma de Puebla Facultad de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2023</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2023</year>
</pub-date>
<volume>82</volume>
<numero>326</numero>
<fpage>185</fpage>
<lpage>211</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0185-16672023000400185&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0185-16672023000400185&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0185-16672023000400185&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El artículo revisa y reformula teórica y empíricamente la relación no lineal entre la inflación y el crecimiento económico planteada por Thirlwall (1974) para el conjunto de economías de América Latina que han seguido stricto sensu el régimen de metas de inflación durante el periodo 2003-2020. La hipótesis de esta investigación reside en la existencia de un nivel de inflación óptimo en el que la tasa de crecimiento económico logra un nivel máximo, horizonte de inflación distinto al objetivo de política monetaria actual. Por consiguiente, el argumento que se desarrolla en este artículo trata sobre la existencia de una relación positiva entre el crecimiento y la inflación a niveles moderados, pero el grado de preferencia de los bancos centrales ha sido tal que ha sacrificado crecimiento y empleo en aras de la estabilidad de los precios.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The article reviews and reformulates theoretically and empirically the non-linear relationship between inflation and economic growth proposed by Thirlwall (1974) for the set of Latin American economies that strictly use the inflation targeting regime during the period 2003-2020. The hypothesis of this research resides in the existence of an optimal inflation level for which the economic growth rate reaches a maximum level, an inflation rate which differs from the current monetary policy target. Consequently, the argument developed in this article deals with the existence of a positive relationship between growth and inflation at low levels, while the degree of preference of central banks has been such that they have given up growth and employment opportunities to price stability.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[inflación]]></kwd>
<kwd lng="es"><![CDATA[crecimiento económico]]></kwd>
<kwd lng="es"><![CDATA[banco central]]></kwd>
<kwd lng="es"><![CDATA[política monetaria]]></kwd>
<kwd lng="es"><![CDATA[América Latina]]></kwd>
<kwd lng="es"><![CDATA[E31]]></kwd>
<kwd lng="es"><![CDATA[E52]]></kwd>
<kwd lng="es"><![CDATA[E58]]></kwd>
<kwd lng="es"><![CDATA[F43]]></kwd>
<kwd lng="es"><![CDATA[O42]]></kwd>
<kwd lng="en"><![CDATA[Inflation]]></kwd>
<kwd lng="en"><![CDATA[economic growth]]></kwd>
<kwd lng="en"><![CDATA[central bank]]></kwd>
<kwd lng="en"><![CDATA[monetary policy]]></kwd>
<kwd lng="en"><![CDATA[Latin America]]></kwd>
<kwd lng="en"><![CDATA[E31]]></kwd>
<kwd lng="en"><![CDATA[E52]]></kwd>
<kwd lng="en"><![CDATA[E58]]></kwd>
<kwd lng="en"><![CDATA[F43]]></kwd>
<kwd lng="en"><![CDATA[O42]]></kwd>
</kwd-group>
</article-meta>
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