<?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>2448-6655</journal-id>
<journal-title><![CDATA[Análisis económico]]></journal-title>
<abbrev-journal-title><![CDATA[Anál. econ.]]></abbrev-journal-title>
<issn>2448-6655</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, Unidad Azcapotzalco, División de Ciencias Sociales y Humanidades]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-66552021000300027</article-id>
<article-id pub-id-type="doi">10.24275/uam/azc/dcsh/ae/2021v36n93/carbajal</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Wages and inflation in Mexican manufacturing. A two-period comparison: 1994-2003 and 2007-2016]]></article-title>
<article-title xml:lang="es"><![CDATA[Salarios e inflación en la manufactura mexicana. Un comparativo de dos periodos: 1994-2003 y 2007-2016]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Carbajal-De-Nova]]></surname>
<given-names><![CDATA[Carolina]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Autonomous Metropolitan University Faculty of Social Sciences and Humanities Department of Economics]]></institution>
<addr-line><![CDATA[Iztapalapa Mexico City]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2021</year>
</pub-date>
<volume>36</volume>
<numero>93</numero>
<fpage>27</fpage>
<lpage>50</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-66552021000300027&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-66552021000300027&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-66552021000300027&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The effect of wages on price inflation has been a foremost subject in economics. This paper evaluates the effect in Mexican manufacturing for two sets of periods. The first one, from 1994 to 2003, covers an initial period of the North American Free Trade Agreement (NAFTA). The second period encompass from 2007 to 2016, comprising the Great Recession. For both periods, data is available on a monthly frequency. A first equation deals with wages and bilateral nominal exchange rate impacts on the producer price inflation. A second equation measures the effect of this last variable, besides a bilateral nominal exchange rate and the wage effect on consumer price inflation. These equations follow Pujol and Griffiths (1997), using an error correction model and Granger causality tests. The results for the mentioned periods expose those wages have an almost null effect in both the inflation of producer and consumer prices.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El efecto de los salarios en la inflación ha sido un tema destacado en economía. Este documento evalúa ese efecto en la manufactura mexicana para dos periodos. El primer periodo, de 1994 a 2003, cubre un periodo inicial del Tratado de Libre Comercio de América del Norte (TLCAN). El segundo periodo comprende de 2007 a 2016, abarcando la Gran Recesión. Una primera ecuación estima el impacto de los salarios y del tipo de cambio nominal bilateral, sobre la inflación de precios al productor. La segunda ecuación mide el efecto de esta última variable, así como del tipo de cambio nominal bilateral y los salarios, sobre la inflación de precios al consumidor. Estas ecuaciones siguen a Pujol y Griffiths (1997), utilizando un modelo de corrección de error y pruebas de causalidad en el sentido de Granger. Los resultados para ambos periodos antes mencionados ponen de manifiesto un efecto básicamente nulo en la inflación de precios al productor y al consumidor]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[wages]]></kwd>
<kwd lng="en"><![CDATA[consumer price inflation]]></kwd>
<kwd lng="en"><![CDATA[producer price inflation]]></kwd>
<kwd lng="en"><![CDATA[bilateral nominal exchange rate]]></kwd>
<kwd lng="en"><![CDATA[J00]]></kwd>
<kwd lng="en"><![CDATA[J3]]></kwd>
<kwd lng="es"><![CDATA[inflación de precios al consumidor]]></kwd>
<kwd lng="es"><![CDATA[inflación de precios al productor]]></kwd>
<kwd lng="es"><![CDATA[salarios]]></kwd>
<kwd lng="es"><![CDATA[tipo de cambio nominal bilateral]]></kwd>
<kwd lng="es"><![CDATA[J00]]></kwd>
<kwd lng="es"><![CDATA[J3]]></kwd>
</kwd-group>
</article-meta>
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