<?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>S2448-66552020000300045</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Los efectos asimétricos de la inflación, la incertidumbre inflacionaria y el crecimiento económico en México]]></article-title>
<article-title xml:lang="en"><![CDATA[The asymmetric effects of inflation, inflationary uncertainty and economic growth in Mexico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rosas Rojas]]></surname>
<given-names><![CDATA[Eduardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,UAEM  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2020</year>
</pub-date>
<volume>35</volume>
<numero>90</numero>
<fpage>45</fpage>
<lpage>66</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-66552020000300045&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-66552020000300045&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-66552020000300045&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN Se explora el impacto de la inflación y su incertidumbre sobre el crecimiento económico de México. Además, se investiga la relación de causalidad entre la inflación y su incertidumbre nominal. Para ello, se estima un modelo de correlación condicional constante (CCC) GARCH Bivariado asimétrico, el cual permite modelar la incertidumbre de la inflación y del producto en el periodo de agosto de 1984 a junio de 2019. Estas variables se utilizan para comprobar el efecto de retroalimentación establecido por la teoría, empleando pruebas de causalidad de Granger con el enfoque Toda-Yamamoto. Los resultados empíricos muestran que, los choques de las malas noticias repercuten en mayor medida sobre la incertidumbre inflacionaria y del producto, si se les compara con impactos de igual magnitud provocados por las buenas noticias. También se comprueba el cumplimiento de la hipótesis de Friedman-Ball, la validez de la hipótesis de Holland, así como la presencia de un efecto Tobin en la economía mexicana.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT The impact of inflation and its uncertainty on Mexico's economic growth is explored. In addition, the causal relationship between inflation and its nominal uncertainty is investigated. For this, an asymmetric bivariate GARCH constant conditional correlation (CCC) model is estimated, which allows modeling the inflation uncertainty and the uncertainty output in the period from August 1984 to June 2019. These variables are used to test the feedback effect established by the theory, using Granger causality tests with the Toda-Yamamoto approach. The empirical results show that shocks of bad news have a greater impact on inflation and output uncertainty, when compared to impacts of equal magnitude caused by good news. Compliance with the Friedman-Ball hypothesis, the validity of the Holland hypothesis, as well as the presence of a Tobin effect in the Mexican economy are also verified.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[inflación]]></kwd>
<kwd lng="es"><![CDATA[incertidumbre inflacionaria]]></kwd>
<kwd lng="es"><![CDATA[crecimiento económico]]></kwd>
<kwd lng="es"><![CDATA[modelos GARCH asimétricos]]></kwd>
<kwd lng="es"><![CDATA[C32]]></kwd>
<kwd lng="es"><![CDATA[D81]]></kwd>
<kwd lng="es"><![CDATA[E31]]></kwd>
<kwd lng="es"><![CDATA[F43]]></kwd>
<kwd lng="en"><![CDATA[inflation]]></kwd>
<kwd lng="en"><![CDATA[inflationary uncertainty]]></kwd>
<kwd lng="en"><![CDATA[economic growth]]></kwd>
<kwd lng="en"><![CDATA[asymmetric GARCH models]]></kwd>
<kwd lng="en"><![CDATA[C32]]></kwd>
<kwd lng="en"><![CDATA[D81]]></kwd>
<kwd lng="en"><![CDATA[E31]]></kwd>
<kwd lng="en"><![CDATA[F43]]></kwd>
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