<?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>1665-952X</journal-id>
<journal-title><![CDATA[Economía UNAM]]></journal-title>
<abbrev-journal-title><![CDATA[Economía UNAM]]></abbrev-journal-title>
<issn>1665-952X</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Instituto de Investigaciones Económicas]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-952X2019000200093</article-id>
<article-id pub-id-type="doi">10.22201/fe.24488143e.2019.47.464</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Ciclos económicos en México: identificación, profundidad y duración]]></article-title>
<article-title xml:lang="en"><![CDATA[Business cycles in Mexico: identification, amplitude and duration]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Sánchez-Juárez]]></surname>
<given-names><![CDATA[Isaac]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Ciudad Juárez  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>08</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>08</month>
<year>2019</year>
</pub-date>
<volume>16</volume>
<numero>47</numero>
<fpage>93</fpage>
<lpage>108</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-952X2019000200093&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-952X2019000200093&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-952X2019000200093&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este documento tiene como objetivo identificar mediante los filtros Hodrik-Prescott (HP) y Christiano-Fitzgerald (CF) los ciclos económicos en México del periodo 1993/01 a 2017/04; además exponer su duración, profundidad, volatilidad y correlación con el consumo, gasto público, inversión, exportaciones e importaciones. Para esto se usaron series trimestrales del PIB desestacionalizadas a precios del 2013 en millones de pesos. Los ciclos se obtuvieron al distinguir entre la serie observada y su tendencia, usando como factores de suavizamiento los valores 1600 y 1096 (en el caso del filtro HP). De esta forma, en 24 años se identificaron tres ciclos, completos, tres recesiones y dos crisis. La magnitud y duración de los ciclos, particularmente en su etapa recesiva demuestra que la política macroeconómica (fiscal y monetaria) no ha sido eficiente en su tarea de lograr que el PIB observado se mantenga cercano a su tendencia, por lo que debe ser rediseñada para contribuir tanto a la estabilidad de corto plazo como al crecimiento de largo plazo.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This document aims to identify through the Hodrik-Prescott (HP) and Christiano-Fitzgerald (CF) filters economic cycles in Mexico from the period 1993/01 to 2017/04; also expose its duration, depth, volatility and correlation with consumption, public spending, investment, exports and imports. For this, quarterly series of GDP seasonally adjusted to 2013 prices in millions of pesos were used. The cycles were obtained by distinguishing between the observed series and its trend, using as softening factors the values 1600 and 1096 (in the case of HP filter). Thus, in 24 years three complete cycles were identified, three recessions and two crises. The magnitude and duration of the cycles, particularly in their recessive stage, shows that macroeconomic policy (fiscal and monetary) has not been efficient in its task of achieving that the observed GDP remains close to its trend, and therefore it must be redesigned to contribute to both short-term stability and long-term growth.]]></p></abstract>
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<kwd lng="es"><![CDATA[Métodos econométricos]]></kwd>
<kwd lng="es"><![CDATA[Modelización econométrica]]></kwd>
<kwd lng="es"><![CDATA[fluctuación de la actividad económica]]></kwd>
<kwd lng="es"><![CDATA[Ciclos]]></kwd>
<kwd lng="es"><![CDATA[Consumo]]></kwd>
<kwd lng="es"><![CDATA[ahorro]]></kwd>
<kwd lng="es"><![CDATA[producción empleo e Inversión]]></kwd>
<kwd lng="en"><![CDATA[Econometric methods]]></kwd>
<kwd lng="en"><![CDATA[Econometris Modeling]]></kwd>
<kwd lng="en"><![CDATA[Business fluctuations and Cycles Consumption]]></kwd>
<kwd lng="en"><![CDATA[Saving]]></kwd>
<kwd lng="en"><![CDATA[Production]]></kwd>
<kwd lng="en"><![CDATA[Employment and Investment]]></kwd>
<kwd lng="en"><![CDATA[C2]]></kwd>
<kwd lng="en"><![CDATA[C5]]></kwd>
<kwd lng="en"><![CDATA[E32]]></kwd>
<kwd lng="en"><![CDATA[E2]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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