<?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>2395-8715</journal-id>
<journal-title><![CDATA[Revista de economía]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. econ.]]></abbrev-journal-title>
<issn>2395-8715</issn>
<publisher>
<publisher-name><![CDATA[Facultad de Economía, Universidad Autónoma de Yucatán]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2395-87152017000100009</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Política monetaria, producción y empleo manufacturero en México]]></article-title>
<article-title xml:lang="en"><![CDATA[Monetary policy, production and manufacturing employment in Mexico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Torres Preciado]]></surname>
<given-names><![CDATA[Víctor Hugo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Colima  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2017</year>
</pub-date>
<volume>34</volume>
<numero>88</numero>
<fpage>9</fpage>
<lpage>44</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2395-87152017000100009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2395-87152017000100009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2395-87152017000100009&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El objetivo de esta investigación es evaluar el efecto que una variación sorpresiva en la política monetaria induce en la trayectoria dinámica de la producción y el empleo manufacturero en México. Con dicha finalidad, se utiliza la descomposición propuesta por Blanchard y Quah (1989) que incorpora restricciones de largo plazo en un vector autorregresivo estructural. Los resultados indican que los choques de política monetaria tendrían efectos transitorios en la producción y empleo manufacturero mexicano, e inducirían una dinámica manufacturera similar a la desplegada por la actividad económica nacional, aunque su contribución es comparativamente modesta respecto a los choques de oferta y demanda. La trayectoria de la tasa de interés sugiere, claramente, una función estabilizadora del ciclo económico en el sector manufacturero.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The aim of this investigation is to evaluate the effect of an unexpected monetary policy change on the dynamic path followed by the production and employment in manufacturing in Mexico. The Blanchard and Quah (1989) decomposition is applied under a structural autoregressive vector model with long run restrictions. Results suggests monetary shocks induce transitory effects on production and employment in manufacturing, and would induce a dynamic path in manufacturing similar to that followed by the national economic activity, though its effect is modest in comparison to supply and demand shocks. The trajectory followed by the interest rate suggest it clearly functions as a stabilizing factor of the manufacturing business cycle.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[política monetaria]]></kwd>
<kwd lng="es"><![CDATA[sector manufacturero]]></kwd>
<kwd lng="es"><![CDATA[vector autorregresivo estructural]]></kwd>
<kwd lng="es"><![CDATA[México]]></kwd>
<kwd lng="en"><![CDATA[monetary policy]]></kwd>
<kwd lng="en"><![CDATA[manufacturing sector]]></kwd>
<kwd lng="en"><![CDATA[structural vector autoregressive]]></kwd>
<kwd lng="en"><![CDATA[Mexico]]></kwd>
</kwd-group>
</article-meta>
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